Petrol & Diesel Price Today

Petrol and diesel prices in India are updated daily at 6:00 AM by oil marketing companies (IOCL, BPCL, HPCL). The prices are revised based on international crude oil prices, foreign exchange rates, and other factors. State-level taxes and freight charges also affect the final retail price in each city.

Fuel prices vary between cities due to differences in state VAT (Value Added Tax), local taxes, freight and transportation costs from refineries, and dealer commissions. For example, Delhi has lower prices due to lower VAT, while Mumbai has higher prices due to additional local taxes and higher freight costs.

International crude oil prices (Brent crude) are the primary factor, as India imports about 85% of its crude oil. Other factors include USD-INR exchange rate, central excise duty set by the central government, state VAT, dealer commissions, transportation costs, and global supply-demand dynamics including OPEC decisions.

The daily fuel price is calculated using the dynamic fuel pricing mechanism adopted by Indian oil companies. It considers the previous day\'s international crude oil price, exchange rate fluctuations, and other operational costs. The price is then adjusted by adding central excise duty, state VAT, dealer margin, and transportation charges to arrive at the retail selling price.

Fuel prices vary by state primarily due to different VAT rates. States like Rajasthan, Madhya Pradesh, and Andhra Pradesh have higher VAT on petrol and diesel. Additionally, some states charge additional cess or special taxes. The central government also revises excise duty, which uniformly affects prices across all states.

Branded fuels like Indian Oil\'s Xtramile or HP\'s Power are premium fuels with performance-enhancing additives that claim better engine efficiency, lower emissions, and improved mileage. They cost approximately ₹2-4 per litre more than regular fuel. Regular fuel meets standard BIS specifications and is suitable for most vehicles.