Latest petrol and diesel prices announced: Check prices in your city on November 28 – News18

Factors Affecting Petrol and Diesel Prices in India

1. Crude oil prices.: As the primary raw material for the production of petrol and diesel, fluctuations in crude oil prices directly affect fuel costs.
2. Exchange rate: India, being a major importer of crude oil, is affected by changes in the exchange rate between the Indian rupee and the US dollar, which in turn affects fuel prices.
3. Tax: Petrol and diesel prices are subject to various taxes levied by the central and state governments. These taxes can vary across states, significantly affecting the final price of the pump.
4. Refining costs: The costs of refining crude oil into petrol and diesel also determine fuel prices. These prices may depend on various factors such as the type of crude oil used and the efficiency of the refinery.
5. demand: High demand for petrol and diesel often leads to an increase in fuel prices, as supply and demand dynamics come into play.

Check petrol and diesel prices via SMS.

You can easily check the latest petrol and diesel prices in your city via SMS. For Indian Oil customers, text “RSP” followed by the city code to 9224992249. BPCL customers can text “RSP” to 9223112222, and HPCL customers can text “HP price” to 9222201122 to get current fuel prices.