Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On November 24

Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On November 24

Petrol, Diesel Prices Today On November 24, 2024: Oil marketing companies (OMCs) update petrol and diesel prices daily at 6 am, maintaining consistency despite the inherent volatility of these commodities. These revisions align with changes in global crude oil prices and currency exchange rate fluctuations, keeping consumers informed about the latest fuel costs.

Check city-wise petrol and diesel prices on November 24

City Petrol Price (Rs/litre) Diesel Price (Rs/litre)
Delhi 94.72 87.62
Mumbai 103.44 89.97
Chennai 100.75 92.56
Kolkata 104.95 91.76
Noida 94.81 87.93
Lucknow 94.65 87.76
Bengaluru 102.86 88.94
Hyderabad 107.41 95.65
Jaipur 104.88 90.36
Trivandrum 107.25 96.13
Bhubaneswar 100.97 92.46

In India, fuel prices have remained unchanged since May 2022, following a reduction in fuel taxes by the central government and several states.

Fuel prices are updated daily at 6 a.m. by oil marketing companies (OMCs), based on fluctuations in global crude oil prices. The government regulates these prices through mechanisms like excise taxes, base pricing, and price caps.

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Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On November 24

Factors Influencing Petrol and Diesel Prices in India

 

Crude Oil Prices

As the primary raw material for petrol and diesel production, crude oil prices directly impact the cost of these fuels.

Exchange Rate

India’s reliance on crude oil imports means that the exchange rate between the Indian rupee and the US dollar significantly affects fuel prices.

Taxes

Both central and state governments impose taxes on petrol and diesel, which vary across states, leading to differences in fuel prices nationwide.

Freight and Local Charges

Freight costs, value-added tax (VAT), and other local taxes contribute to regional price variations across states.

Refining Costs

The process of converting crude oil into petrol and diesel adds to the final cost. Refining expenses depend on factors such as crude oil type and refinery efficiency.

Demand for Fuel

Market demand also plays a role—higher demand for petrol and diesel can push prices upward.IPL 2025 Mega Auction: All you need to know, TV Timing in IST, RTMs, auction process, team purse, live streaming details

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