Petrol, Diesel Prices Reduced: In a recent development, the cost of petrol has seen a decline of 47 paise, and diesel has dropped by 44 paise in Bihar. Additionally, Rajasthan has experienced a decrease of 48 paise in petrol prices and 43 paise in diesel prices.
On Tuesday, major cities including New Delhi, Kolkata, Mumbai, and Chennai maintained consistent prices for petrol and diesel. This steady pricing trend has been prevalent for approximately a year now. The prices for both petrol and diesel are established daily at 6 AM. However, it’s important to note that these rates can differ from state to state due to a variety of factors, such as value-added tax (VAT), local taxes, and freight charges.
Petrol Price Revisions Across States
In Bihar, petrol prices have notably dropped by 47 paise, and diesel prices have experienced a decrease of 44 paise. Rajasthan, on the other hand, has witnessed a reduction of 48 paise in petrol costs and 43 paise in diesel costs. This trend of falling prices has also extended to states like West Bengal, Himachal Pradesh, and Kerala.
Contrasting Fuel Price Trends
In contrast, certain states have seen an increase in fuel prices. Goa, for instance, has seen an uptick of 59 paise in petrol costs and 57 paise in diesel costs. Similarly, Gujarat has experienced a rise of 49 paise in both petrol and diesel prices. Haryana has observed a similar pattern with a 21 paise increase in both petrol and diesel prices.
Fuel Rates in Prominent Cities
As of the latest update, the cost of petrol stands at Rs 96.72 per litre in Delhi, while diesel is priced at Rs 89.62 per litre. In Mumbai, petrol is available at Rs 106.31 and diesel at Rs 94.27 per litre. Kolkata sees petrol being sold at Rs 106.03 per litre and diesel at Rs 92.76 per litre. In Chennai, petrol costs Rs 102.63 per litre, and diesel is priced at Rs 94.24 per litre.
It’s worth mentioning that oil marketing companies such as Indian Oil, Bharat Petroleum, and Hindustan Petroleum determine the daily petrol and diesel prices in India. These rates are influenced by the global crude oil prices.
Factors Leading to Price Variations
The variations in petrol and diesel prices from state to state can be attributed to multiple factors, including Value Added Tax (VAT), freight charges, and local taxes.
Quick Method to Check Fuel Prices
For those looking to stay updated on fuel prices, a convenient method is available via SMS. Customers of Indian Oil can send an SMS containing RSP and their city code to 9224992249. BPCL customers can achieve the same by sending an SMS with RSP and their city code to 9223112222. Similarly, HPCL consumers can check petrol prices by sending an SMS with HPPrice and their city code to 9222201122.