As of August 13, the latest petrol and diesel prices have been announced across various cities in India. Fuel prices, which are revised daily based on global oil market fluctuations and other factors, continue to be a crucial aspect of household budgets and transportation costs. Here’s a detailed look at the current petrol and diesel prices in major cities across the country.
Current Petrol and Diesel Prices in Key Cities
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- Delhi:
- Petrol: ₹96.72 per liter
- Diesel: ₹89.62 per liter
- Mumbai:
- Petrol: ₹106.31 per liter
- Diesel: ₹94.27 per liter
- Chennai:
- Petrol: ₹102.63 per liter
- Diesel: ₹94.24 per liter
- Kolkata:
- Petrol: ₹106.03 per liter
- Diesel: ₹92.76 per liter
- Bengaluru:
- Petrol: ₹101.94 per liter
- Diesel: ₹87.89 per liter
Factors Influencing Petrol and Diesel Prices
Petrol and diesel prices in India are influenced by several factors, including:
- Global Crude Oil Prices: Changes in the amount of crude oil on the international market have a direct impact on the cost of petrol and diesel in India. Any fluctuations in the global oil market are quickly reflected in domestic fuel prices.
- Exchange Rate: The value of the Indian Rupee against the US Dollar also plays a significant role. Since India imports a significant portion of its crude oil, a weaker Rupee can make imports more expensive, leading to higher fuel prices.
- Taxes: Central and state taxes constitute a large portion of the retail price of petrol and diesel. Variations in tax rates across states result in different prices in different cities.
- Transportation and Logistics Costs: The cost of transporting fuel from refineries to retail outlets also affects the final price. This is why prices vary even within the same state.
Impact on Consumers
The daily revision of fuel prices has a direct impact on consumers, particularly those who rely heavily on vehicles for commuting and business purposes. Rising fuel prices can lead to increased transportation costs, which in turn can affect the amount of services and goods, contributing to inflationary pressures.
For those who own private vehicles, the cost of refuelling can constitute a significant portion of their monthly expenses. Businesses that rely and depend on transportation, such as logistics companies and delivery services, also feel the pinch of rising fuel costs, which may lead to increased prices for their customers.
What to Expect in the Coming Days
As global crude oil prices remain volatile due to geopolitical tensions, supply chain disruptions, and fluctuations in demand, consumers in India can expect continued variability in petrol and diesel prices. The government’s policies on fuel taxes and subsidies will also play a crucial and important role in determining future price trends.
With the latest petrol and diesel prices for August 13 now available, it’s important for consumers to stay informed and plan their fuel purchases accordingly. As these prices can vary daily, checking the rates regularly can help in managing expenses more effectively. Whether you’re in Delhi, Mumbai, Chennai, or any other city, knowing the current fuel prices can help you make good decisions and stay ahead to move furtherof any potential price hikes.
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