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Petrol And Diesel Prices Today On May 11, 2024: Check Rates In Your City

Petrol and diesel prices in India vary depending on factors such as freight charges, value-added tax (VAT), and local taxes.

By Newsd
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Petrol And Diesel Prices Today On May 11:  Oil marketing companies (OMCs) reveal the prices of petrol and diesel each morning at 6 a.m., unfazed by their volatility.

OMCs follow this systematic practice of adjusting prices in response to changes in global oil prices and foreign exchange rates. Such a meticulous strategy guarantees consumers remain in the loop regarding fuel prices.

Petrol and diesel prices in India vary depending on factors such as freight charges, value-added tax (VAT), and local taxes.

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

Petrol And Diesel Prices Today On May 11

City Petrol Price (RS/LITRE) Diesel Price (RS/LITRE)
Chennai 100.75 92.34
Kolkata 103.94 90.76
Noida 94.83 87.96
Lucknow 94.65 87.76
Bengaluru 99.84 85.93
Hyderabad 107.41 95.65
Jaipur 104.88 90.36
Trivandrum 107.56 96.43
Bhubaneswar 101.06 92.64

Retail fuel prices are adjusted by oil marketing companies at 6 a.m. daily, based on global crude oil prices. The government regulates fuel prices through excise taxes, base pricing, and price caps.

Petrol and diesel prices are also affected by the costs associated with refining crude oil.

Refining can be costly, and the costs can fluctuate based on factors such as the crude oil used and the refinery’s efficiency.

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

Also Read: Petrol And Diesel Prices Today On May 10, 2024: Check Rates In Your City

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