Petrol Price Today 2024 in India, Petrol/ Diesel Price Rate State/ District Wise List

Petrol Price in India, Petrol/ Diesel Price Rate State/ District Wise List: It is very important to find out the current petrol price in Jaipur and other states in India as it changes on a daily basis. Due to fluctuating fuel prices, fuel prices have increased not only in Jaipur, the capital of Rajasthan but in all regions of the country. Country. Every day, all state-owned oil marketing companies will update fuel prices at retail petrol outlets. They will deliver the new price at 06:00 am to petrol customers in the town. As we all know that petrol is the most essential part of transportation. Due to the introduction of fuel-efficient petrol-based cars, the availability of petrol has increased in all cities of India including Jaipur.

New Petrol Price in India

A large chunk of two- and four-wheelers dependent on petrol apparently does not affect fuel prices. In India, crude oil imports from other countries, mainly OPEC countries, are sufficient for more than 75 per cent of the fuel requirement. Only 25 per cent of Indian fuel demand is met by the local implementation. In India, petrol prices are revised based on international prices by oil marketing companies such as Indian Oil, Bharat Petroleum and Hindustan Petroleum. Therefore, when crude oil prices increase internationally, petrol prices in India also increase. On the other hand, if crude oil prices fall in the international markets, we see a fall in the daily or today’s petrol prices in India.

However, we are providing daily petrol prices to our readers so that they can plan their petrol filling needs accordingly. First and foremost, it allows you to easily absorb a few paisa changes in daily petrol prices in India. When petrol prices are revised or changed every fortnight, there is a huge variation in prices, which puts a lot of extra pressure on the consumer. Although currently, crude oil has become much cheaper as compared to 2014, it is the collective taxes imposed by the state and central government, due to which the petrol prices have increased as compared to 2014. Highest to date. Despite the promises of the government to roll back taxes, we are yet to see some positive efforts on this front.

Factors Affecting Petrol Price In India

Crude Oil Price

Changes in the price of crude oil in the international market directly affect the price of crude oil in the domestic market; This is one of the most important factors responsible for the increase in petrol prices in the Indian domestic market. An increase in international demand, low production rate and any political unrest in crude oil-producing countries of the world severely affect the price of petrol.

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Supply and Demand Mismatch

Oil refinery companies in India face problems in meeting the market demands due to the high-cost input price of crude oil, resulting in short supply and high demand for petrol in the country. An increase in supply leads to a decrease in the price of petrol and vice versa. Oil refining and marketing companies maintain inventories of crude oil for six weeks, which also affects the price of petrol and petroleum products.

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Increased Demand

Economic growth in India and other developing countries has also led to an increase in the demand for petrol and other essential fuels in India. The number of private vehicle owners has increased in recent times which has contributed to the increase in demand for petrol in India; This has resulted in an increase in the prices of petrol in India.

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Rupee to Dollar Exchange Rate

The Rupee-Dollar exchange rate is also one of the major factors that affect the price of petrol in India. Indian oil companies pay for oil imported from other countries in dollars, but their expenses are in rupee terms. So, when the price of crude oil is falling but the rupee is also depreciating against the dollar, it will reduce the profits of oil refiners. On the other hand, when the rupee strengthens against the dollar and the price of crude oil falls, oil companies benefit.

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Tax Rates

The prices of petrol and other petroleum products vary according to local government policies that tax the fuel. Whenever the Government of India increases the tax rates on fuel, the oil companies in India also increase the price of petrol to make up for the losses and to maintain marginal profits in the oil business in India.

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Logistics

Logistics is one of the important factors in retail fuel pricing. Petrol and diesel transported over long distances to cities or areas far from depots will cost more than those transported closer to oil companies’ storage areas. The reason behind the change in petrol price in different cities across India. This difference can be huge between cities that are far apart from each other. For example, on January 24, 2018, the price of petrol in Delhi is Rs 72.38 per litre and the same price of petrol is Rs 24 per litre. 80.25 per litre in Mumbai.

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Brands of Petrol Pumps in India

• Indian Oil Corporation
• Hindustan Petroleum
• Bharat Petroleum
• Shell
• Reliance Petroleum
• Essar Oil

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Today’s Petrol Price in Indian Metro Cities & State Capitals

Frequently Asked Questions