Check city wise rates of Petrol and Diesel across India

According to sources oil Marketing Companies (OMCs) revise petrol and diesel prices every day at 6 am, ensuring transparency and aligning domestic fuel costs with global crude oil market trends. These daily adjustments are driven by fluctuations in international crude oil prices and currency exchange rates, providing consumers with accurate and current fuel pricing. India’s petrol and diesel prices have remained stable since May 2022. This followed a significant tax reduction by the central government and several state governments to provide relief to consumers. Despite the price stability, the government continues to regulate fuel costs through mechanisms like excise duties, base pricing, and price caps.

Meanwhile india imports the majority of its crude oil, making the rupee-to-dollar exchange rate a critical factor. Any depreciation of the rupee increases the cost of imports, raising fuel prices. Transportation costs, state-specific levies, and local municipal taxes contribute to regional variations in fuel prices.

Moreover rising demand for petrol and diesel, particularly during peak seasons, can drive prices higher. Daily updates on petrol and diesel prices provide consumers with crucial insights into the evolving fuel cost landscape, influenced by both global and local factors. Despite the price stability, the government continues to regulate fuel costs through mechanisms like excise duties, base pricing, and price caps.

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