Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On November 10
Petrol, Diesel Prices Today On November 10, 2024: Every day at 6 a.m., oil marketing companies (OMCs) update petrol and diesel prices, providing consistency despite the volatility of these commodities. These adjustments reflect changes in global crude oil prices and fluctuations in foreign exchange rates, ensuring consumers stay informed about the latest fuel costs.
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 | 92.56 |
| 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 |
Petrol Price In Jammu And Kashmir Today (November 10, 2024)
Factors Influencing Fuel Prices
Fuel prices in India are influenced by several key factors:
- Crude Oil Prices: The primary determinant of petrol and diesel prices is the cost of crude oil, which fluctuates based on global market conditions.
- Exchange Rates: As India imports a significant portion of its crude oil, the exchange rate between the Indian rupee and the US dollar plays a crucial role in determining fuel prices.
- Taxes: Both central and state governments impose various taxes on petrol and diesel, which can vary significantly across different states, affecting the final retail price.
- Refining Costs: The expenses associated with refining crude oil into petrol and diesel also contribute to the overall pricing.
- Demand Fluctuations: Changes in demand for petrol and diesel can lead to price adjustments, particularly during peak travel seasons or economic shifts.
Consistency in Pricing
Oil marketing companies (OMCs) in India update petrol and diesel prices daily at 6 a.m. This practice ensures that consumers are kept informed about the latest fuel costs, reflecting real-time changes in the global oil market and foreign exchange rates.
Since May 2022, fuel prices have remained relatively stable due to reductions in fuel taxes by the government.