New Delhi: Today is 7th January, Wednesday. The prices of petrol and diesel in the country remain stable even today. Like every day, government oil companies released new rates at 6 am today, in which there is no news of any major change. Although the world is in turmoil. But this has not yet affected the prices of crude oils.
Due to stable crude oil prices in the international market, domestic fuel rates remain unchanged. This is a relief news for consumers, because in this era of inflation, fuel prices directly affect the pockets.
Why are prices different in every city?
There is a difference in the prices of petrol and diesel due to VAT and other taxes imposed at the state level. Delhi has the lowest rates, while southern and eastern cities have slightly higher rates. If you are planning to fill the tank of your vehicle, then definitely check the latest rates at the local petrol pump.
What are the petrol rates in your city:
| City | price | shift |
| New Delhi | ₹94.77 | 0 |
| Kolkata | ₹105.41 | -0.04 |
| Mumbai | ₹103.54 | 0 |
| Chennai | ₹100.90 | 0.05 |
| Gurgaon | ₹95.36 | -0.02 |
| Noida | ₹95.12 | 0 |
| Bangalore | ₹102.63 | -0.35 |
| Bhubaneswar | ₹101.35 | 0.42 |
| Chandigarh | ₹94.30 | 0 |
| Hyderabad | ₹107.50 | 0 |
| Jaipur | ₹105.40 | 0.68 |
| Lucknow | ₹94.84 | 0.15 |
| Patna | ₹105.41 | -0.17 |
| Thiruvananthapuram | ₹107.48 | 0 |
What are the diesel rates in your city:
| City | price | shift |
| New Delhi | ₹87.67 | 0 |
| Kolkata | ₹92.02 | 0 |
| Mumbai | ₹90.03 | 0 |
| Chennai | ₹92.49 | 0.09 |
| Gurgaon | ₹87.82 | -0.03 |
| Noida | ₹88.29 | 0 |
| Bangalore | ₹90.72 | -0.32 |
| Bhubaneswar | ₹92.92 | 0.41 |
| Chandigarh | ₹82.45 | 0 |
| Hyderabad | ₹95.70 | 0 |
| Jaipur | ₹90.82 | 0.61 |
| Lucknow | ₹87.98 | 0.17 |
| Patna | ₹91.66 | -0.16 |
| Thiruvananthapuram | ₹96.48 | 0 |
Who decides the prices of petrol and diesel?
Fuel prices in India are decided by government oil marketing companies like Indian Oil, Bharat Petroleum and Hindustan Petroleum. These rates are based on the international crude oil price, position of the rupee against the dollar, refining costs, transportation expenses and taxes of the central and state governments. Dynamic pricing system is in effect since 2017, under which new prices are announced every day at 6 am. If global crude oil prices fall, the possibility of reduction in domestic rates increases, but due to the large share of taxes, the change remains limited.