Fuel Watch: Your Daily Dose of Petrol & Diesel Price Updates Across India!

Attention commuters and businesses across India! Oil Marketing Companies (OMCs) – including Indian Oil, Bharat Petroleum, and Hindustan Petroleum – have once again released the updated petrol and diesel prices for August 24. While the global crude oil market continues to see minor fluctuations, fuel prices at pumps across major Indian cities appear to have largely held steady today, bringing a sense of predictability to your daily commute budget.

Understanding the daily revision process is key for every consumer.

Fuel prices are not just determined by international crude oil costs; they are a complex cocktail of factors including the rupee-dollar exchange rate, central excise duty, state-specific Value Added Tax (VAT), and dealer commission. These elements combine to give you the final price at the pump, which is why rates vary significantly from one state to another, and even within different cities of the same state.

For those in the capital, Delhi residents will find petrol priced at Rs 96.72 per litre, while diesel stands at Rs 89.62 per litre.

In the bustling metropolis of Mumbai, petrol continues to be retailed at Rs 106.31 per litre and diesel at Rs 94.27 per litre, reflecting higher state taxes. Kolkata’s commuters are paying Rs 106.03 for petrol and Rs 92.76 for diesel, while Chennai sees petrol at Rs 102.63 and diesel at Rs 94.24.

Beyond the metros, other key cities also present diverse pricing.

In Bengaluru, petrol is available for Rs 101.94 and diesel for Rs 87.89. Down north, Lucknow’s fuel stations are charging Rs 96.57 for petrol and Rs 89.76 for diesel. Residents of Chandigarh will find petrol at Rs 96.20 and diesel at Rs 84.26. Meanwhile, in the NCR region, Noida reports petrol at Rs 96.65 and diesel at Rs 89.82, with Gurugram closely following at Rs 97.18 for petrol and Rs 90.05 for diesel.

Globally, crude oil prices are always under watch, impacting future revisions.

While Brent crude hovers around the $84-85 per barrel mark, and WTI crude around $80 per barrel, these international movements are translated into local prices after considering the aforementioned duties and taxes. Oil Marketing Companies revise these prices daily at 6 AM, ensuring that the rates reflect the most current market dynamics.

Staying updated is easier than ever.

You can check the latest petrol and diesel prices in your city through various methods: visiting the respective OMC’s website, using their mobile apps, or simply sending an SMS. For Indian Oil customers, SMS RSP <Dealer Code> to 9224992249. For BPCL customers, SMS RSP <Dealer Code> to 9223112222.

And for HPCL customers, SMS HPPRICE <Dealer Code> to 9222201122. Keep these tips handy to always know your fuel costs.