Petrol Diesel Prices: Oil marketing companies have announced new prices for petrol and diesel today, May 29th. Prices for petrol and diesel are updated every day at 6 am by oil companies across the country.
Today, petrol and diesel have become more expensive in many states including Bihar, Uttar Pradesh, and Maharashtra. However, in some states like Punjab and Rajasthan, petrol and diesel rates have increased today. There are also several states where there has been no change in the prices of petrol and diesel today.
Before going to the gas station to fill up your car’s tank, make sure to find out the current price of petrol and diesel in your city. Let’s find out…
Petrol and diesel prices in major cities of the country
- In Delhi, petrol costs 94.72 rupees per liter and diesel costs 87.62 rupees per liter.
- In Mumbai, petrol costs 104.21 rupees and diesel costs 92.15 rupees per liter.
- In Kolkata, petrol costs 103.94 rupees and diesel costs 90.76 rupees per liter.
- In Chennai, petrol costs 100.76 rupees and diesel costs 92.35 rupees per liter.
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Where is petrol and diesel cheaper and where is it expensive
If we talk about the prices of petrol and diesel at the state level, today in Bihar, petrol has increased by 3 paisa to Rs 107.12 per liter and diesel has increased by 3 paisa to Rs 93.84 per liter. In Uttar Pradesh, petrol has increased by 28 paisa to Rs 94.70 per liter and diesel has increased by 32 paisa to Rs 87.79 per liter.
Similarly, in Maharashtra, petrol has increased by 38 paisa to Rs 104.76 per liter and diesel has increased by 36 paisa to Rs 91.26 per liter. So, petrol and diesel have become more expensive in these states today.
In Jharkhand, the price of petrol has decreased by 15 paisa to Rs. 98.17 per liter and diesel has decreased by 15 paisa to Rs. 92.92 per liter. Meanwhile, in Maharashtra, the price of petrol and diesel has increased. In Andhra Pradesh, petrol has decreased by 20 paisa to Rs. 109.48 per liter and diesel has decreased by 18 paisa to Rs. 97.33 per liter.
Know how the price of petrol is decided
The price of petrol depends on various factors like exchange rate of rupees to dollars, crude oil prices, global signals, fuel demand, etc. When international crude oil prices increase, fuel prices in India also go up.
Additionally, the price of petrol in the country is determined by payments to refineries, excise duty, dealer commission, and value-added tax (VAT). After adding these factors, the retail price of petrol almost doubles. This is why the price of petrol and diesel varies in different states.
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