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Latest Petrol and Diesel Prices Announced: Know Fuel Rates in Your City on December 28 – News18 – Subrang Safar: Your Journey Through Colors, Fashion, and Lifestyle
Today’s Petrol & Diesel Price: Check city-wise prices across India including Delhi, Mumbai and Kolkata.
Petrol and Diesel Prices on December 28
Today 28 December 2024 Petrol and Diesel Prices: Update of Oil Marketing Companies (OMCs). Petrol and Diesel Prices at 6 am every day to ensure transparency and reflect fluctuations in global markets. These daily adjustments take into account fluctuations in international crude oil prices and currency exchange rates, allowing consumers to receive accurate and current fuel price information.
Check petrol and diesel prices city-wise on December 28:
The city
Petrol price (Rs. per litre)
Diesel price (Rs. per litre)
Delhi
94.72
87.62
Mumbai
103.44
89.97
Chennai
100.85
92.44
Kolkata
103.94
90.76
Noida
94.66
87.76
Lucknow
94.65
87.76
Bengaluru
102.86
88.94
Hyderabad
107.41
95.65
Jaipur
104.88
90.36
Trivandrum
107.62
96.43
Bhubaneswar
101.06
92.91
In India, fuel prices have remained stable since May 2022 after the central government and various state governments reduced fuel taxes. Oil marketing companies (OMCs) update fuel prices daily at 6 am, reflecting changes in global crude oil prices. The government controls these prices using tools such as excise taxes, base pricing, and price caps.
Factors Affecting Petrol and Diesel Prices in India
Crude oil prices.: As the main raw material for the production of petrol and diesel, fluctuations in global crude oil prices have a direct impact on fuel prices in India.
Exchange rate: India imports a significant portion of its crude oil, so changes in the exchange rate between the Indian rupee and the US dollar affect fuel prices. A weaker rupee usually leads to higher fuel prices.
Tax: Petrol and diesel prices are subject to various taxes levied by the central and state governments. These taxes can vary from state to state, contributing significantly to the final price consumers pay at the pump.
Refining costs: The process of refining crude oil into petrol and diesel incurs costs that affect fuel prices. These costs may vary based on factors such as the type of crude oil processed and refinery efficiency.
demand: Supply and demand balance plays an important role in determining fuel prices. An increase in demand for petrol and diesel usually leads to an increase in prices, as suppliers adapt to market conditions.
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.
Newsbusiness Latest Petrol and Diesel Prices Announced: Know the fuel prices in your city on December 28