Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On December 18
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Petrol And Diesel Price Today: Check City-Wise Rates Across India Including In Delhi, Mumbai And Kolkata.
Petrol and diesel prices on December 18.
Petrol, Diesel Prices Today On December 18, 2024: Oil Marketing Companies (OMCs) revise petrol and diesel prices every day at 6 am, ensuring transparency and aligning domestic fuel costs with global crude oil market trends. These daily adjustments are driven by fluctuations in international crude oil prices and currency exchange rates, providing consumers with accurate and current fuel pricing.
Petrol Diesel Price Today In India (Check city-wise rate table below)
Check city-wise petrol and diesel prices on December 18
| 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 |
Unchanged Fuel Prices Since May 2022
India’s petrol and diesel prices have remained stable since May 2022. This followed a significant tax reduction by the central government and several state governments to provide relief to consumers. Despite the price stability, the government continues to regulate fuel costs through mechanisms like excise duties, base pricing, and price caps.
Key Factors Affecting Fuel Prices in India
Global Crude Oil Prices
Crude oil, the raw material for petrol and diesel, is a primary driver of fuel prices. Fluctuations in crude oil prices directly impact the cost at the pump.
Exchange Rate
India imports the majority of its crude oil, making the rupee-to-dollar exchange rate a critical factor. Any depreciation of the rupee increases the cost of imports, raising fuel prices.
Taxes
Central and state governments levy excise duties and value-added taxes (VAT) on petrol and diesel. These taxes vary by state, leading to price differences across the country.
Freight and Local Charges
Transportation costs, state-specific levies, and local municipal taxes contribute to regional variations in fuel prices.
Refining Costs
The process of refining crude oil into usable fuel adds to the overall cost. Refining costs depend on factors like the quality of crude oil and the efficiency of refineries.
Fuel Demand
Rising demand for petrol and diesel, particularly during peak seasons, can drive prices higher.
Daily updates on petrol and diesel prices provide consumers with crucial insights into the evolving fuel cost landscape, influenced by both global and local factors.
