Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On August 17

August 17, 2024

1,771 1 minute read

Oil marketing companies (OMCs) in India announce fuel prices daily at 6 a.m., adjusting them based on global crude oil prices and foreign exchange rates. Fuel prices have remained stable since May 2022, largely due to reductions in fuel taxes by the central government and various states.

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As of today, August 17, 2024, the prices for petrol and diesel in various cities across India are as follows:

City	Petrol Price (Rs/litre)	Diesel Price (Rs/litre)
Delhi	94.72	87.62
Mumbai	103.44	89.97
Chennai	100.75	92.44
Kolkata	104.95	90.76
J&K	98.22	83.68
Lucknow	94.69	87.76
Bengaluru	102.86	88.94
Hyderabad	107.41	95.65
Jaipur	104.88	90.36
Trivandrum	107.56	96.43
Bhubaneswar	101.06	92.91

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Several factors affect petrol and diesel prices, including:

- Crude Oil Prices: The primary raw material for petrol and diesel, directly impacting their costs.
- Exchange Rates: The value of the Indian rupee against the US dollar affects import costs.
- Taxes: Central and state taxes vary, influencing local prices.
- Refining Costs: The expenses involved in refining crude oil also play a role in the final pricing.
- Demand Fluctuations: Changes in demand for petrol and diesel can lead to price adjustments.

How to check the correct daily Petrol, Diesel rates online via App, Website and SMS?

The prices of diesel are updated every day at 6 AM. This pricing mechanism is called dynamic fuel pricing. Consumers can get the latest diesel prices using customer care services of state-run oil marketing companies, like Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation. Besides, these companies also have SMS-based services which can be used to get the latest price of diesel.