Petrol-Diesel Rate/Price Today: New day, new month. Petrol and diesel prices, which directly affect everyday expenses, are announced daily at 6 a.m. by the country’s oil marketing companies (OMCs). The rates are revised based on changes in international crude oil prices and the dollar-rupee exchange rate. Which city currently has the lowest petrol and diesel prices? However, the GST cut will not affect petroleum products.
On October 2, India’s fuel market remained largely unchanged. In Mumbai, petrol was priced at ₹103.50 per litre, while diesel sold for ₹92.02 per litre.
Which city has the lowest price?
Today, Mumbai sees a slight increase in oil prices, with petrol at ₹104.21 and diesel at ₹92.15. In Bangalore, petrol prices remained unchanged, while diesel rates fell slightly. Chandigarh has the lowest petrol price at ₹94.30 per litre, compared to ₹94.72 in Delhi. Diesel is also cheapest in Chandigarh at ₹82.45 per litre, the lowest among all major cities.
| City | Petrol (₹/liter) | Diesel (₹/liter) |
|---|---|---|
| New Delhi | 94.72 | 87.75 |
| Mumbai | 104.21 | 92.15 |
| Kolkata | 103.94 | 90.76 |
| Chennai | 100.75 | 92.34 |
| Ahmedabad | 94.49 | 90.17 |
| Bengaluru | 102.92 | 89.02 |
| Hyderabad | 107.46 | 95.70 |
| Jaipur | 104.72 | 90.21 |
| Lucknow | 94.69 | 87.80 |
| Pune | 104.04 | 90.57 |
| Chandigarh | 94.30 | 82.45 |
| Indore | 106.48 | 91.88 |
| Patna | 105.58 | 93.80 |
| Noida | 94.66 | 87.75 |
| Nashik | 95.50 | 87.75 |
Petrol and diesel price changes
Oil prices change daily based on global markets, crude oil rates, taxes, and transportation costs. That’s why fuel prices vary across states and cities even on the same day. If you commute daily or are planning a long drive this weekend, today’s petrol and diesel prices can directly affect your budget.
Prices have remained stable for the past two years?
Since May 2022, petrol and diesel prices have remained stable following tax cuts by the central government and several states. Although the international market fluctuates, prices for Indian consumers have remained relatively stable.
Factors that determine fuel prices
Crude Oil Prices:
Petrol and diesel are primarily produced from crude oil. When international crude oil prices rise, it directly impacts the Indian market.
Rupee Against the Dollar:
India imports most of its crude oil, and it is purchased in dollars. If the rupee weakens, fuel becomes more expensive.
Government Taxes and Duties:
The central and state governments impose heavy taxes on petrol and diesel, which constitute a significant portion of the retail price. This is the reason for the price differences across states.
Refining Costs:
The process of making crude oil usable (refining) also incurs costs. This cost depends on the quality of the crude oil and the refinery’s capacity.
Demand and Supply Balance:
If fuel demand increases in the market, prices also tend to rise. Fuel consumption is especially high during festivals, summer, or winter.
