Petrol and diesel prices in India are revised based on world market prices by oil marketing companies such as Indian Oil, Bharat Petroleum and Hindustan Petroleum. So when crude oil prices rise in the international market, fuel prices in India rise and so on. Whereas if the price of crude oil falls in the world market, we see a drop in daily fuel prices in India. In this way, we update our readers with the daily gasoline and diesel prices so that they can plan their fuel needs accordingly.
Amidst the festivities, the Indian oil market companies released the latest prices of petrol and diesel on Friday. However, Indian oil companies kept petrol and diesel prices steady on Tuesday (November 1). Thus, today is the 165th consecutive day when the price of gasoline and diesel in the country has not changed. Again, this is a relief for common people.
The state-owned oil companies published the prices of gasoline and diesel for Tuesday, November 1. The oil companies did not change the price of gasoline and diesel, so for the 165th consecutive day, ordinary people are relieved. Fuel prices are stable today.
International market impact
In the international market, the price of crude oil has been falling continuously in recent days. The price of WTI crude oil per barrel fell to $85.61, and the price of Brent crude oil fell to $91.63 per barrel.
The government reduced the excise tax on May 21. The excise duty on petrol has been reduced by Rs 8 per liter and the excise duty on diesel by Rs 6 per litre. Since then, the price of gasoline and diesel has decreased. After that, diesel became cheaper by Rs 9.50 and Rs 7 per liter in the country. After the Centre’s announcement, the governments of Rajasthan, Maharashtra, Odisha and Kerala also reduced VAT.
Currently, petrol price in Delhi is Rs 96.72 per liter and diesel price is Rs 89.62 per litre. At the same time, petrol fetches Rs 106.31 and diesel Rs 94.27 per liter in Mumbai. While petrol in Kolkata is Rs 106.03 and diesel is Rs 92.76 per litre. In contrast, in Chennai, petrol is available at Rs 102.63 and diesel at Rs 94.24.
Here you can get the cheapest petrol and diesel
The cheapest petrol and diesel are sold in Port Blair. Where petrol is Rs 84.10 per liter and diesel is Rs 79.74 per litre.
Today’s price (gasoline diesel price on November 2, 2022)
Delhi: Petrol at Rs 96.72 and diesel at Rs 89.62 per litre.
Mumbai: Petrol at Rs 106.31 and diesel at Rs 94.27 per litre.
Kolkata: Petrol at Rs 106.03 and diesel at Rs 92.76 per litre.
Chennai: Petrol at Rs 102.63 and diesel at Rs 94.24 per litre.
Hyderabad: Petrol at Rs 109.66 and diesel at Rs 97.82 per litre.
Bangalore: Petrol at Rs 101.94 and diesel at Rs 87.89 per litre.
Thiruvananthapuram: Petrol at Rs 107.71 and diesel at Rs 96.52 per litre.
Port Blair: Petrol at Rs 84.10 and diesel at Rs 79.74 per litre.
Bhubaneswar: Petrol at Rs 103.19 and diesel at Rs 94.76 per litre.
Chandigarh: Petrol at Rs 96.20 and diesel at Rs 84.26 per litre.
Lucknow: Petrol at Rs 96.57 and diesel at Rs 89.76 per litre.
Noida: Petrol at Rs 96.57 and diesel at Rs 89.96 per litre.
Jaipur: Petrol at Rs 108.48 and diesel at Rs 93.72 per litre.
Patna: Petrol at Rs 107.24 and diesel at Rs 94.04 per litre
Gurugram: Rs 97.18 and diesel at Rs 90.05 per litre.
Reasons affecting the price of gasoline and diesel
After adding excise duty, dealer’s commission and others to the price of petrol and diesel, the price almost doubles. The price of petrol and diesel varies daily in the international market based on the price of crude oil and foreign exchange rates.
Find out the price of petrol and diesel in the city
We would like to inform you that the price of petrol and diesel varies daily and is updated at 6 o’clock in the morning. You can also find out the daily price of gasoline and diesel by SMS. Indian Oil customers can get information by sending city code along with RSP to 9224992249 and BPCL customers text RSP to 9223112222. However, HPCL consumers can know the price by texting HP Price to 9222201122.