Petrol, Diesel Prices: Check Latest Fuel Rates In India On January 1

Fuel Rates Today: For the past few days, the prices of fuel (Petrol and Diesel) were surging marginally. However, on the very first day of the year 2020, the prices of fuel remained unchanged. According to the Indian Oil website, on Wednesday (January 1), the petrol rates are Rs 75.14 per litre in Delhi, Rs 80.79 per litre in Mumbai, Rs 77.80 per litre in Kolkata, Rs 77.71 per litre in Bengaluru, and Rs 78.12 per litre in Chennai, respectively. On the other hand, the diesel prices in Delhi, Mumbai, Kolkata, Bengaluru, and Chennai remained at Rs 67.96, Rs 71.31, Rs 70.38, Rs 70.28, and Rs 71.86 per litre, respectively.

In Noida, petrol is retailing at Rs 76.40 a litre, while diesel price is Rs 68.28 a litre. The price of petrol in Gurugram is Rs 74.60 a litre while diesel was selling at Rs 66.99 a litre.

It is worth mentioning here that on December 31, the prices of petrol and diesel were increased by up to 10 Paise and 19 Paise per litre, respectively.

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.

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