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Petrol And Diesel Prices Today On June 9, 2024: Check Rates In Your City Today

As a major importer of crude oil, India's petrol and diesel prices are also affected by the exchange rate between the Indian rupee and the US dollar.

By Newsd
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Petrol And Diesel Prices Today On June 10

Petrol And Diesel Prices Today On June 9: Oil marketing companies (OMCs) announce gasoline and diesel prices every morning at 6 a.m., despite their inherent volatility.

The routine, managed by OMCs, involves adjusting prices in response to fluctuations in global crude oil prices and foreign exchange rates. It ensures that consumers are always aware of the current cost of fuel.

Different states have different petrol and diesel prices due to factors such as freight charges, value-added taxes (VAT), and local taxes.

Petrol And Diesel Prices Today On June 9

CITY PETROL PRICE (RS/LITRE) DIESEL PRICE (RS/LITRE)
Delhi 94.72 87.62
Mumbai 104.21 92.15
Chennai 100.75 92.34
Kolkata 103.94 90.76
Noida 95.01 88.14
Lucknow 94.56 87.66
Bengaluru 99.84 85.93
Hyderabad 107.41 95.65
Jaipur 104.88 90.36
Trivandrum 107.62 96.49
Bhubaneswar 101.06 92.64

Fuel prices have remained stable in India since May 2022, following a reduction in fuel taxes by the central government and several states.

Retail fuel prices are adjusted daily by OMCs at 6 am based on the global price of crude oil. The government controls fuel prices through excise taxes, base prices, and price caps.

The factors affecting the price of petrol and diesel in India

The price of crude oil directly affects the price of petrol and diesel since crude oil is the primary raw material for their production.

As a major importer of crude oil, India’s petrol and diesel prices are also affected by the exchange rate between the Indian rupee and the US dollar.

There are a variety of taxes imposed on petrol and diesel by both the central and state governments. These taxes differ from state to state, exerting a notable influence on gasoline and diesel prices.

Additionally, the cost of refining crude oil into petrol and diesel influences the final price of these fuels.

Refining can be an expensive process, and the cost may fluctuate depending on the type of crude oil used and the efficiency of the refinery.

Petrol and diesel demand can also affect their prices. If demand for these fuels increases, prices will increase.

Also Read: Petrol And Diesel Prices Today On June 7, 2024: Check Rates In Your City Today

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