Petrol & Diesel Price

Petrol & Diesel Prices in India Today

Fuel prices in India are revised daily by oil marketing companies like Indian Oil Corporation (IOCL), Bharat Petroleum (BPCL), and Hindustan Petroleum (HPCL). The prices are determined based on international crude oil rates, exchange rates, and state-level taxes (VAT). This page tracks petrol and diesel prices across 40 major Indian cities.

Factors Affecting Fuel Prices

• International Crude Oil Prices: Global benchmarks like Brent crude directly impact retail fuel costs.
• Central Excise Duty: The central government levies excise duty on petrol and diesel.
• State VAT: Each state imposes its own Value Added Tax, leading to price variations across cities.
• Dealer Commission: Oil companies include a fixed dealer commission per litre.
• Exchange Rate: As crude oil is traded in USD, the INR-USD exchange rate affects domestic prices.

Why Fuel Prices Differ by City

The primary reason for price differences across Indian cities is the variation in state taxes (VAT). States like Maharashtra, Rajasthan, and Telangana levy higher taxes, making fuel costlier in cities like Mumbai, Hyderabad, and Jaipur. In contrast, states with lower VAT like Delhi and Chandigarh have relatively cheaper fuel.