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Petrol-Diesel Price Update: Check the Latest Fuel Rates in Your City

Petrol-Diesel

Petrol-Diesel Price Today (January 20): Across the country, petrol and diesel prices change daily. Depending on the location, prices may either increase or decrease.

On January 20, 2025, the government oil companies have released the updated fuel rates. Petrol and diesel prices are updated every morning at 6 AM. If you are heading to refuel your vehicle, it is important to know the latest prices in your city.

Current Petrol and Diesel Prices in Major Cities:

In Delhi, the price of petrol is ₹94.72 per litre, and diesel is ₹87.62 per litre.

In Mumbai, the price of petrol is ₹103.44 per litre, and diesel is ₹89.97 per litre.

In Kolkata, the price of petrol is ₹103.94 per litre, and diesel is ₹90.76 per litre.

In Chennai, the price of petrol is ₹100.85 per litre, and diesel is ₹92.44 per litre.

How Are Petrol and Diesel Prices Determined?

The prices of petrol and diesel are updated daily, based on several factors such as international crude oil prices, government tax policies, and global events. Additional charges, including excise duty, dealer commission, and VAT, are added to the base price of fuel, which can increase the final cost at the pump.

Why Do Petrol and Diesel Prices Fluctuate?

The prices of petrol and diesel fluctuate due to various reasons, including the prices of crude oil in the international market, government taxation policies, and global economic conditions. When fuel prices increase, the cost of transportation also rises, which directly affects the prices of daily goods, leading to inflation and impacting the common people.

How Are Fuel Prices Set in India?

In India, petrol and diesel prices are based on the international price of crude oil. Indian Oil Marketing Companies, including Indian Oil, Bharat Petroleum, and Hindustan Petroleum, review the prices of crude oil in the global market and adjust fuel prices accordingly. These companies update fuel rates for various cities every day at 6 AM.

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