Petrol and Diesel Prices On April 15, 2024: Crude oil prices are again seen to be moving towards $100 per barrel as Iran launched attacks against Israel on April 13, putting strain on import-dependent India.
India—a net importer of crude oil—is highly sensitive to international oil prices as it receives over 85 percent of its requirements from other nations. This directly links the retail prices of petrol and diesel sold in the country to prices in the international market.
Brent crude futures on April 12 settled at $90.45 per barrel, around 1 percent higher on account of tensions building up between Iran and Israel.
India’s oil secretary Pankaj Sharma on April 2 had pointed out that rising crude oil prices are a cause of concern. The remarks by the oil ministry official had come after Indian oil marketing companies (OMCs) had slashed prices of petrol and diesel by Rs 2 per litre on March 14 after crude oil prices were trading around $80 per barrel for quite some time.
However, since then there has been no major change in the price of petrol and diesel. Let us know what are the latest rates of petrol and diesel across the country.
In India, the pricing of petrol and diesel is subject to influences like freight charges, value-added tax (VAT), and local taxes, resulting in different rates across states.
Petrol-diesel prices in metros (Petrol Diesel Prices)
After this cut, the price of petrol in the national capital (Petrol Price Today in Delhi) is now Rs 94.72 per liter, which was earlier Rs 96.72 per liter. Whereas diesel (Diesel Price In Delhi) is Rs 87.62 per liter, which was earlier Rs 89.62 per liter. Today petrol has become Rs 104.21 per liter in Mumbai, Rs 103.94 in Kolkata and Rs 100.75 per liter in Chennai. Whereas the price of diesel has become Rs 92.15 per liter in Mumbai, Rs 90.76 in Kolkata and Rs 92.34 per liter in Chennai.
Where petrol and diesel became cheap and where expensive (Petrol-Diesel Fresh Rates)
Noida: Petrol is Rs 94.81 per liter and diesel is Rs 87.94 per liter
Gurugram : Petrol Rs 95.18 per liter and diesel Rs 88.03 per liter
Chandigarh: Petrol is Rs 94.22 per liter and diesel is Rs 82.38 per liter
Hyderabad: Petrol at Rs 107.39 per liter and diesel at Rs 95.63 per liter
Jaipur: Petrol is Rs 104.86 per liter and diesel is Rs 90.34 per liter
Patna: Petrol Rs 105.16 per liter and diesel Rs 92.03 per liter
Lucknow: Petrol is Rs 94.63 per liter and diesel is Rs 87.74 per liter
Factors Affecting Petrol And Diesel Prices In India
Crude oil price: The primary raw material for the production of petrol and diesel is crude oil, and as such, its price directly influences the ultimate cost of these fuels.
The exchange rate between the Indian rupee and the US dollar: As a major importer of crude oil, India’s petrol and diesel prices are also influenced by the exchange rate between the Indian rupee and the US dollar.
Tax: Various taxes on petrol and diesel are imposed by both the central and state governments. These taxes may differ across states, exerting a notable influence on the ultimate prices of petrol and diesel.
The cost of refining:
The final price of petrol and diesel is additionally influenced by the expenses incurred in refining crude oil into these fuels. The refining process can be costly, and the refining expenses may fluctuate based on factors like the type of crude oil utilised and the efficiency of the refinery.
The demand for petrol and diesel: The demand for petrol and diesel can also affect their prices. If demand for these fuels increases, it can lead to higher prices.
Know the price of petrol and diesel through SMS
You can also find out the latest rates of petrol and diesel in your city through SMS. If you are a customer of Indian Oil, then you will have to write RSP along with the city code and send it to 9224992249. If you are a customer of BPCL, then you can get information about the new price of petrol and diesel by writing RSP and sending it to 9223112222. Whereas, if you are a customer of HPCL, then you can find out the price of petrol and diesel by writing HP Price and sending it to 9222201122.
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