The price of petrol witnessed a marginal dip on Saturday, December 14. (Photo Credit: File Photo)
Fuel Rates Today: After remaining unchanged for two days, the price of petrol has witnessed a marginal dip on Saturday, December 14. However, the price of diesel remained unchanged. The price of petrol has gone down by around 5 Paise to 8 Paise per litre. As per the Indian Oil website, the petrol rates are Rs 74.84 per litre in Delhi, Rs 80.49 per litre in Mumbai, Rs 77.50 per litre in Kolkata, and Rs 77.81 per litre in Chennai, respectively. On the other hand, diesel prices in Delhi, Kolkata, Mumbai and Chennai remained at Rs 66.04, Rs 69.27, Rs 68.45 and Rs 69.81 per litre respectively.
In Noida, petrol is retailing at Rs 76.16 a litre, while diesel price is Rs 66.35 a litre. The price of petrol in Gurugram is Rs 74.37 a litre while diesel was selling at Rs 65.35 a litre.
How To Get Petrol, Diesel Rates Via SMS
You can check the latest rate of petrol and diesel via SMS. IOC customers can send RSP to 9224992249, BPCL users can message RSP at 9223112222 and HPCL customers can send HPPRICE to 9222201122 for the latest prices.
Why Petrol, Diesel Prices Change Every Day?
The fuel prices are in India are revised daily. Petrol and diesel prices are revised every day at 06:00 am to sync it with the variation in global oil prices. Oil marketing companies (OMC) review the global fuel prices and decide petrol and diesel daily. Indian Oil, Bharat Petroleum and Hindustan Petroleum release the new rates at 6 am every morning. Generally, when international crude oil prices gain, prices in India move higher. Other factors also impact the price of fuel like rupee to US dollar exchange rate, cost of crude oil, global cues, demand for fuel, and so on.
Why Fuel Prices Differ In Every City?
The price of fuel includes excise duty, value-added tax (VAT), and dealer commission. As VAT varies from state to state, the price of fuel is different in every city.