Get the latest petrol and diesel prices in New Delhi and other cities for December 5, 2024. Know the current rates per liter and the factors that affect daily fuel price changes.
Petrol, Diesel Prices Today on December 05, 2024: Oil marketing companies (OMCs) update petrol and diesel prices every morning at 6 am, maintaining consistency despite the underlying volatility of these commodities. These updates are aligned with changes in global crude oil prices and currency exchange rate fluctuations, keeping consumers informed of the latest fuel costs.
Petrol Diesel Price in India Today
Check City wise petrol and diesel prices on December 5:
| city | Petrol Price (Rs/Litre) | Diesel Price (Rs/Litre) |
| Delhi | is 94.72 | is 87.62 |
| Mumbai | 103.44 | 89.97 |
| Chennai | 100.85 | 92.44 |
| Kolkata | 103.94 | is 90.76 |
| Noida | is 94.66 | is 87.76 |
| Lucknow | is 94.65 | is 87.76 |
| Bengaluru | 102.86 | 88.94 |
| Hyderabad | 107.41 | 95.65 |
| Jaipur | 104.88 | 90.36 |
| Trivandrum | 107.62 | 96.43 |
| Bhubaneswar | 101.06 | 92.91 |
In India, fuel prices have remained stable since May 2022, after the central government and various state governments cut fuel taxes.
Oil marketing companies (OMCs) update fuel prices every day at 6 am, reflecting changes in global crude oil prices. The government controls these prices using instruments such as excise tax, base pricing and price caps.
Factors Affecting Petrol and Diesel Prices in India
- Crude oil prices: As the main raw material for the production of petrol and diesel, fluctuations in global crude oil prices have a direct impact on fuel costs in India.
- exchange rate: India imports a significant portion of its crude oil, so changes in the exchange rate between the Indian rupee and the US dollar influence fuel prices. A weaker rupee usually leads to higher fuel costs.
- tax: Petrol and diesel prices are subject to various taxes imposed by the central and state governments. These taxes can vary from state to state, contributing significantly to the final price paid by consumers at the pump.
- Refining costs: The process of refining crude oil into petrol and diesel incurs costs that influence the price of the fuel. These costs can vary depending on factors such as the type of crude oil processed and the efficiency of the refinery.
- the demand: The balance of supply and demand plays a crucial role in determining fuel prices. Increased demand for petrol and diesel usually results in higher prices, as suppliers adapt to market conditions.
Check petrol and diesel prices via SMS
You can easily check the latest petrol and diesel prices in your city via SMS. For Indian Oil customers, text “RSP” to 9224992249 with city code. BPCL customers can text “RSP” to 9223112222, and HPCL customers can text “HP price” to 9222201122 to get current fuel prices.