Below are the latest rates for August 2 for major cities across the country:
In Delhi , petrol was priced at ₹ 94.72 per litre and diesel at ₹ 87.62.
In Mumbai , petrol was priced at ₹ 104.21 and diesel at ₹ 92.15.
In Kolkata , petrol was priced at ₹ 103.94 and diesel at ₹ 90.76.
In Chennai , petrol was priced at ₹ 100.75 and diesel at ₹ 92.34.
In Ahmedabad , petrol was priced at ₹ 94.49 and diesel at ₹ 90.17.
In Bengaluru , petrol was priced at ₹ 102.92 and diesel at ₹ 89.02.
In Hyderabad , petrol was priced at ₹ 107.46 and diesel at ₹ 95.70.
In Jaipur , petrol was ₹ 104.72 and diesel was ₹ 90.21.
In Lucknow , petrol was ₹ 94.69 and diesel was ₹ 87.80.
In Pune , petrol was priced at ₹ 104.04 and diesel at ₹ 90.57.
In Chandigarh , petrol was ₹ 94.30 and diesel was ₹ 82.45.
In Indore , petrol was ₹ 106.48 and diesel was ₹ 91.88.
In Patna , petrol was ₹ 105.58 and diesel was ₹ 93.80.
Petrol in Surat was ₹ 95.00 and diesel was ₹ 89.00.
In Nashik , petrol was priced at ₹ 95.50 and diesel at ₹ 89.50.
Why are prices stable for the last two years ?
Petrol and diesel prices have remained stable since May 2022 after tax cuts by the Centre and several states. Although the international market fluctuates, prices for Indian consumers have remained comparatively stable.
What are the reasons behind determination of fuel prices ?
Petrol and diesel are produced mainly from crude oil. When the prices of crude oil rise internationally, it directly affects the Indian market.
India imports most of its crude oil, and it is bought in dollars. If the rupee weakens, fuel becomes expensive.
- Government taxes and fees:
The central and state governments levy heavy taxes on petrol and diesel, which form a large part of the retail price. This is the reason why there is a difference in prices across states.
- Cost of Refining:
There is also a cost involved in the process of making crude oil usable (refining). This cost depends on the quality of crude oil and the capacity of the refinery.
- Balance of Demand and Supply:
If the demand for fuel increases in the market, then the prices also start going up. Especially during festivals, summer or winter season, fuel consumption is more.
How to check prices of your city through SMS ?
If you want to know the fuel price from mobile, then the process is easy:
Indian Oil Customers: Type your city code and send it with “RSP” to 9224992249.
BPCL Customers: Write “RSP” and send it to 9223112222.
HPCL Customers: Write “HP Price” and send it to 9222201122.
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