Every day at 6 AM, oil companies across the country release new petrol and diesel rates. These rates depend on the price of crude oil in the international market and the movement of the Rupee-Dollar exchange rate in the foreign exchange market. In such a situation, it becomes important for the general public to know how many rupees per liter petrol and diesel are available in their city today, i.e., on August 6.
Why Prices Change Every Day
Oil prices are entirely dependent on the activities of the international market. If crude oil becomes expensive or the Rupee weakens, petrol and diesel become expensive in the country. Conversely, when crude oil is cheaper and the Rupee remains b, there is relief in oil prices.
Oil companies fix new rates every day, which maintains transparency and ensures that the customer gets accurate information.
Today's Latest Rates in Major Cities
Today, August 6, the rates of petrol and diesel in different major cities of the country are as follows:
- New Delhi: Petrol ₹94.72, Diesel ₹87.62 per liter
- Mumbai: Petrol ₹104.21, Diesel ₹92.15
- Kolkata: Petrol ₹103.94, Diesel ₹90.76
- Chennai: Petrol ₹100.75, Diesel ₹92.34
- Ahmedabad: Petrol ₹94.49, Diesel ₹90.17
- Bengaluru: Petrol ₹102.92, Diesel ₹89.02
- Hyderabad: Petrol ₹107.46, Diesel ₹95.70
- Jaipur: Petrol ₹104.72, Diesel ₹90.21
- Lucknow: Petrol ₹94.69, Diesel ₹87.80
- Pune: Petrol ₹104.04, Diesel ₹90.57
- Chandigarh: Petrol ₹94.30, Diesel ₹82.45
- Indore: Petrol ₹106.48, Diesel ₹91.88
- Patna: Petrol ₹105.58, Diesel ₹93.80
- Surat: Petrol ₹95.00, Diesel ₹89.00
- Nashik: Petrol ₹95.50, Diesel ₹89.50
Why Prices Have Not Increased for Two Years
In May 2022, the central government and several state governments reduced taxes, which stabilized oil prices. Since then, there have been many fluctuations in the international market, but domestic prices have remained almost stable.
Oil companies are changing prices, but within a very limited range. The common consumer is benefiting from this.
Factors Determining Prices
Several factors come into play in determining oil prices. The most important of these are:
- Crude Oil Price: India imports about 85 percent of its crude oil requirements. If crude oil becomes expensive internationally, the prices of petrol and diesel in India also increase.
- Rupee and Dollar Ratio: Oil is purchased in dollars, while India's payments are made in rupees. In such a situation, if the rupee weakens, oil imports become expensive. This directly affects retail prices.
- Tax Burden: The central government and state governments impose different taxes on oil. Due to these taxes, petrol and diesel prices vary in different states.
- Refining Costs: The process of converting crude oil into petrol or diesel is called refining. This process also involves expenses, which affect the final price.
- Supply and Demand: If the demand for petrol and diesel is high at a particular time, such as during holidays or festival seasons, there may be pressure on prices.
How to Check Today's Price on Your Mobile
If you want to know the daily price of petrol and diesel on your mobile, this task is very easy. Every oil company provides this information to its customers via SMS.
- Indian Oil Customers: Type RSP space your city code and send it to 9224992249
- BPCL Customers: Type RSP and send it to 9223112222
- HPCL Customers: Type HP Price and send it to 9222201122
With this service, the customer immediately finds out the price in their city, eliminating the need for them to go to the petrol pump to ask for the rate.
