Petrol, Diesel Prices Today on November 19, 2024: Every day at 6 o’clock am, oil marketing companies (OMCs) announced prices of petrol and diesel, maintaining consistency despite the underlying volatility of these commodities.. OMCs adjust prices in response to fluctuations in global crude oil prices and foreign exchange rates, so that consumers are always informed of the latest fuel costs.
Petrol Diesel Price in India Today
Check city-wise petrol and diesel prices on November 19:
Factors Affecting Petrol and Diesel Prices in India
Crude Oil Price: The primary raw material for the production of petrol and diesel is crude oil; As such, its price directly affects the final price of this fuel.
Exchange rate between Indian Rupee and US Dollar: As a major importer of crude oil, India’s petrol and diesel prices are also affected by the exchange rate between the Indian and US dollars.
taxes: Various taxes are imposed on petrol and diesel by the central and state governments. These taxes may vary across states having a significant impact on the final prices of petrol and diesel.
Cost of Refinement: The final price of petrol and diesel is also affected by the cost of refining the crude oil into these fuels. The refining process can be expensive, and refining costs can fluctuate based on factors such as crude oil consumption and refinery efficiency.
Demand for Petrol and Diesel: Demand for petrol and diesel can also affect their prices. If demand for this fuel increases, it may lead to higher prices.
Know petrol and diesel prices through SMS
You can also know the latest petrol and diesel prices in your city via SMS. If you are a customer of Indian Oil, you need to send RSP with city code to 9224992249. If you are a customer of BPCL, you can get information about new prices of petrol and diesel by writing. RSP and send it to 9223112222. Whereas, if you are a customer of HPCL, you can know the price of petrol and diesel by typing HP. Price and sending to 9222201122.