Stay Updated: Discover Today’s Latest Petrol Prices in India

Petrol prices in India are influenced by various factors. Right now, petrol costs around ₹94.72 per litre in Delhi, with prices slightly higher in cities like Mumbai (₹104.21), Chennai (₹100.85), and Kolkata (₹103.94).

One major aspect is that India imports about 80% of its oil. Therefore, the price at the pump depends heavily on international oil prices. Other factors include taxes imposed by the central and state governments, refining costs, and transportation expenses. Interestingly, petrol and diesel are not included in the Goods and Services Tax (GST), making them unique in India’s pricing structure.

Another key element is the value of the Indian rupee. When the rupee weakens, it raises the cost of imported crude oil. According to recent reports, a one percent drop in the rupee can lead to an increase of about ₹0.50 to ₹0.70 per litre in fuel prices.

Prices are reviewed daily by companies like Indian Oil, Bharat Petroleum, and Hindustan Petroleum based on the average international prices from the previous two weeks. This means price changes can happen frequently, affecting consumers directly.

Diesel, in particular, is crucial as it’s the primary fuel for transporting goods across the country. A rise in diesel prices often leads to higher inflation, impacting the cost of everyday items. For instance, a study from the Reserve Bank of India found that a 10% increase in diesel prices can raise inflation by 0.4 to 0.5%.

User feedback on social media shows frustration over rising fuel costs. Many people express concern about how this affects their daily lives and the economy overall.

Understanding these factors helps paint a clearer picture of petrol prices in India and their broader impacts. For additional insights on fuel pricing and its effects, consider checking reports from the Ministry of Petroleum and Natural Gas.



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