Good news has arrived for millions of drivers across India! The government oil companies have reduced petrol and diesel prices in several states. This relief comes at a time when the international market price of Brent crude has risen above $76 per barrel. Here’s how you can find out the current prices of petrol and diesel in your city.
India Sees a Drop in Petrol-Diesel Prices
Normally, when crude oil prices rise globally, petrol and diesel prices in India also increase. However, this time, despite Brent crude reaching $76 per barrel and WTI crude at $74.86 per barrel, Indian oil companies have reduced fuel prices, offering significant relief to the public.
Petrol and Diesel Prices in UP, Bihar, and Other States
The price reduction has notably impacted cities in Uttar Pradesh and Bihar. For example, in Ghaziabad, the price of petrol is now ₹94.53 per litre, while diesel costs ₹87.71. In Lucknow, petrol is ₹94.58 and diesel is ₹87.67 per litre. In Patna, Bihar, petrol is ₹105.61 per litre, and diesel is ₹92.44 per litre. However, no change in fuel prices has been observed in major cities like Mumbai and Delhi.
Price of Petrol and Diesel in Major Cities
- Delhi: Petrol ₹94.72, Diesel ₹87.62 per litre
- Chennai: Petrol ₹100.76, Diesel ₹85.35 per litre
- Kolkata: Petrol ₹104.95, Diesel ₹91.76 per litre
- Mumbai: Petrol ₹103.44, Diesel ₹89.97 per litre
Why Do Petrol and Diesel Prices Fluctuate?
The prices of petrol and diesel change for several reasons, including international crude oil prices, government tax policies, and unexpected events in the global market. When fuel prices rise, transportation costs increase, leading to higher prices for everyday goods, directly affecting consumers.
How Are Petrol and Diesel Prices Determined?
In India, petrol and diesel prices are based on the international crude oil market. After evaluating the price of crude oil, Indian Oil Marketing Companies (IOCL, BPCL, and HPCL) set the daily fuel prices for different cities.
How to Know Petrol and Diesel Prices in Your City?
You can check the latest petrol and diesel prices in your city easily via SMS on your mobile phone:
- For Indian Oil customers, SMS “RSP” and your city code to 9224992249.
- For BPCL customers, SMS “RSP” to 9223112222.
- For HPCL customers, SMS “HP price” to 9222201122.
Alternatively, you can visit your nearest petrol pump to check the current prices.
