Petrol, Diesel Prices Today on November 20, 2024: Every morning 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 based on changes in global crude oil prices and fluctuations in foreign exchange rates, ensuring consumers are always updated with the most current fuel prices.
Petrol Diesel Price in India Today
Check city-wise petrol and diesel prices on November 20:
Factors Affecting Petrol and Diesel Prices in India
- Crude oil prices: Since crude oil is the main raw material for the production of petrol and diesel, its price directly affects the price of these fuels.
- exchange rate: Since India is a major importer of crude oil, fluctuations in the exchange rate between the Indian rupee and the US dollar affect the prices of petrol and diesel.
- 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, affecting the final price significantly.
- Refining costs: The cost of refining crude oil into petrol and diesel also plays a role in determining fuel prices. Refining costs can vary depending on factors such as the type of crude oil used and the efficiency of the refinery.
- the demand: Demand for petrol and diesel can also influence their prices. Increased demand usually leads to higher fuel prices.
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, send the city code and “RSP” to 9224992249. BPCL customers can text “RSP” to 9223112222, while HPCL customers can text “HP Price” to 9222201122 to get current fuel prices.