New Delhi, India – NewsAnyhere24x7 provides an insightful overview of the fluctuating petrol and diesel rates across prominent Indian cities on December 26, 2023.
International Market Trends
Petrol prices in India are intricately linked to international crude oil rates, and today’s update reflects the impact of a declining market. As of 6 am on December 26, WTI crude is priced at $73.62 per barrel, while Brent crude has reached $79.07 per barrel. This shift prompts Indian oil marketing companies to adjust the rates of petrol and diesel accordingly.
State-wise Price Variations
Fuel prices exhibit a varied pattern across states. Himachal Pradesh witnesses an increase of 33 paise in petrol and 31 paise in diesel. Maharashtra follows suit with a 22 paise hike for both fuels. Conversely, Rajasthan experiences a reduction of 51 paise in petrol and 46 paise in diesel. Gujarat stands out with a significant decrease of 78 paise for both petrol and diesel. Other states, including Punjab, Odisha, Uttar Pradesh, Madhya Pradesh, Haryana, Tamil Nadu, Tripura, and Kerala, witness changes in their fuel prices.
Current Petrol and Diesel Rates in Major Cities
Let’s take a closer look at the petrol and diesel prices in major cities as of December 26, 2023:
| City | Petrol (Rs/Litre) | Diesel (Rs/Litre) |
| Bengaluru | 101.94 | 87.89 |
| Chandigarh | 96.2 | 84.26 |
| Chennai | 102.86 | 94.46 |
| Gurugram | 96.84 | 89.72 |
| Kolkata | 106.03 | 92.76 |
| Lucknow | 96.57 | 89.76 |
| Mumbai | 106.31 | 94.27 |
| New Delhi | 96.72 | 89.62 |
| Noida | 96.79 | 89.96 |
Determinants of Fuel Prices in India
The daily adjustment of petrol and diesel prices is orchestrated by major oil marketing companies in India, namely Indian Oil, Bharat Petroleum, and Hindustan Petroleum. This process, occurring at 6 am each day, aligns the rates with the global crude oil prices.
Understanding State-wise Disparities
Fuel prices vary from state to state due to factors such as Value Added Tax (VAT), freight charges, and local taxes. These regional nuances contribute to the observed differences in petrol and diesel rates.
Stay Informed with Easy Price Checks
For consumers seeking to stay informed about daily fuel prices, various methods are available. Indian Oil customers can obtain information by sending an SMS with RSP and their city code to 9224992249. BPCL customers can do the same by texting RSP and their city code to 9223112222, while HPCL consumers can inquire by texting HPPrice and their city code to 9222201122.
In conclusion, as global oil prices continue to exert influence on domestic rates, staying informed about the dynamic fuel pricing scenario is essential for consumers across different regions.