Petrol And Diesel Price Today in India: Check Fuel Rates In Major Cities on December 12, 2024

Fuel prices play a significant role in daily budgets, and keeping track of the latest rates is crucial for consumers. On December 12, 2024, petrol and diesel prices remain a key topic across cities in India. Whether you're in Delhi, Mumbai, Chennai, Kolkata, or smaller towns, the costs at fuel stations often influence transportation and commodity prices.

Oil marketing companies (OMCs) revise petrol and diesel prices daily at 6 AM, reflecting global crude oil price fluctuations and currency exchange rates. This ensures transparency and provides consumers with the most accurate and current fuel price information.

Stay informed about today's petrol and diesel rates and how they might impact your expenses. Check the latest updates in your city to plan your travel and budget better.

 

Key Factors Influencing Petrol and Diesel Prices in India

Crude Oil Prices: Since crude oil is the primary raw material for petrol and diesel, fluctuations in global crude prices directly impact fuel costs in India.

Exchange Rate: As India imports most of its crude oil, changes in the exchange rate between the Indian rupee and the US dollar influence fuel prices. A weaker rupee typically leads to higher fuel costs.

Taxes: Fuel prices in India include both central and state taxes, which can vary significantly from state to state, contributing substantially to the final price at the pump.

Refining Costs: The cost of refining crude oil into petrol and diesel also affects fuel prices. These costs depend on factors like the type of crude oil processed and the refinery's efficiency.

Demand and Supply: Fuel prices are heavily influenced by the balance between demand and supply. Increased demand for petrol and diesel usually drives prices up, as suppliers adjust to market conditions.