Petrol, Diesel Price Today 25 Sep 2024: As of September 25, 2024, the petrol price in Delhi is Rs 94.72 i.e. unchanged from the previous day and consistent with last month’s rates. Petrol prices are revised daily at 6 AM under a system known as dynamic fuel pricing, which was implemented in June 2017 to enhance transparency and curb speculative practices.
Several factors influence petrol prices. This includes crude oil prices, the exchange rate between the rupee and the US dollar, and geopolitical risks such as conflicts that may disrupt market stability. Domestic factors, such as changes in excise duty or state taxes and shifts in demand, also play a significant role. Additionally, gross refining margins and dealer commissions are considered when determining petrol prices in the city.
Current petrol and diesel prices in major cities
– Delhi
– Petrol: Rs 94.72 per litre
– Diesel: Rs 87.62 per litre
– Mumbai
– Petrol: Rs 103.44 per litre
– Diesel: Rs 89.97 per litre
– Chennai
– Petrol: Rs 100.85 per litre
– Diesel: Rs 92.44 per litre
– Kolkata
– Petrol: Rs 103.94 per litre
– Diesel: Rs 90.76 per litre
– Noida
– Petrol: Rs 94.66 per litre
– Diesel: Rs 87.76 per litre
– Lucknow
– Petrol: Rs 94.65 per litre
– Diesel: Rs 87.76 per litre
– Bengaluru
– Petrol: Rs 102.86 per litre
– Diesel: Rs 88.94 per litre
– Hyderabad
– Petrol: Rs 107.41 per litre (highest)
– Diesel: Rs 95.65 per litre
– Jaipur
– Petrol: Rs 104.88 per litre
– Diesel: Rs 90.36 per litre
– Trivandrum
– Petrol: Rs 107.62 per litre
– Diesel: Rs 96.43 per litre
– Bhubaneswar
– Petrol: Rs 101.06 per litre
– Diesel: Rs 92.91 per litre
Crude concerns
The international crude price rate also has an impact on the overall petrol and diesel rates. Crude prices rebounded on the weak dollar and announcement of additional stimulus by the Chinese Central Bank, PBOC. “International and domestic crude futures rebounded on Tuesday’s trade supported by a fall in the Dollar. NYMEX heating oil and gasoline prices also ended in the green on Tuesday’s trade. Tuesday’s action by China to increase stimulus measures is bullish for crude as the stimulus may spur economic growth that boosts energy demand. In addition, heightened tensions in the Middle East support crude prices.” Sriram Iyer, Senior Research Analyst at Reliance Securities, said.