Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On July 31

The oil marketing companies (OMCs) releases the latest petrol and diesel prices daily at 6 am in the country. The prices have remained unchanged in most parts of the country since March 2024 when the central government cut petrol prices by Rs 2 Before that, the fuel prices remained steady since May 2022, following a reduction in fuel taxes by the central government and several states.

Petrol Price In Jammu And Kashmir

  • Today Petrol price in Jammu And Kashmir is INR 98.27 per litre. Yesterday 30/07/2024 the Petrol rates in Jammu And Kashmir at Rs 98.21 per litre, with Rs. 0.06 paisa changes.

Diesel Price In Jammu And Kashmir

  • Today Diesel price in Jammu And Kashmir is INR 83.73 per liter. Yesterday, the rates of Diesel in Jammu And Kashmir stood at Rs 83.67 per litre.

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City-wise Petrol and Diesel Prices on July 31, 2024

Here are the city-wise petrol and diesel prices on July 31, 2024:

  • Delhi: Petrol Price – Rs 94.72/litre, Diesel Price – Rs 87.62/litre
  • Mumbai: Petrol Price – Rs 103.44/litre, Diesel Price – Rs 89.97/litre
  • Chennai: Petrol Price – Rs 100.85/litre, Diesel Price – Rs 92.44/litre
  • Kolkata: Petrol Price – Rs 103.94/litre, Diesel Price – Rs 90.76/litre
  • Noida: Petrol Price – Rs 94.66/litre, Diesel Price – Rs 87.76/litre
  • Lucknow: Petrol Price – Rs 94.65/litre, Diesel Price – Rs 87.76/litre
  • Bengaluru: Petrol Price – Rs 102.86/litre, Diesel Price – Rs 88.94/litre
  • Hyderabad: Petrol Price – Rs 107.41/litre, Diesel Price – Rs 95.65/litre
  • Jaipur: Petrol Price – Rs 104.88/litre, Diesel Price – Rs 90.36/litre
  • Trivandrum: Petrol Price – Rs 107.62/litre, Diesel Price – Rs 96.43/litre
  • Bhubaneswar: Petrol Price – Rs 101.06/litre, Diesel Price – Rs 92.91/litre.

Factors Affecting Petrol and Diesel Prices in India

Several factors influence the prices of petrol and diesel in India:

  1. Crude Oil Price: The cost of crude oil, as the primary raw material for petrol and diesel production, significantly influences the final prices of these fuels in India.
  2. Exchange Rate (INR to USD): Fluctuations in the exchange rate between the Indian rupee and the US dollar directly impact petrol and diesel prices, as India is a significant crude oil importer.
  3. Taxation: Both central and state governments impose various taxes on petrol and diesel, which can vary across different states, thereby affecting the overall pricing dynamics.
  4. Refining Expenses: The costs associated with refining crude oil into petrol and diesel influence the final retail prices. Factors such as the type of crude oil used and the efficiency of the refining process play a role.
  5. Demand for Petrol and Diesel: Increased demand typically leads to upward pressure on prices

These factors, along with domestic taxes and refining expenses, contribute to the daily adjustments in petrol and diesel prices.

If you are interested in finding out the latest petrol and diesel prices in your city, you can do so through SMS. 

The process for checking the latest petrol and diesel prices in your city through SMS is as follows:

  • If you are a customer of Indian Oil, you can write RSP along with the city code and send it to 9224992249.
  • If you are a customer of BPCL, you can get information about the new price of petrol and diesel by writing RSP and sending it to 9223112222.
  • If you are a customer of HPCL, you can find out the price of petrol and diesel by writing HP Price and sending it to 9222201122.

This SMS facility provided by the oil companies allows customers to receive information on the current prices of petrol and diesel directly on their mobile phones

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