Petrol Diesel Price Today: Fresh fuel prices were released at 6 AM across the country, bringing minor changes in several cities while rates remained steady in others. The daily revision mechanism ensures transparency and reflects fluctuations in global crude oil benchmarks and currency exchange trends.
Fuel prices play a crucial role in household budgets as well as business operations. Whether it is daily commuters, transport operators, or small vendors, petrol and diesel costs directly influence transportation expenses and the prices of essential goods. Oil Marketing Companies (OMCs) revise retail fuel rates every morning based on international crude oil prices and the rupee’s performance against the US dollar.
Why Fuel Prices Matter Every Day
The pricing of petrol and diesel is closely linked to global crude oil rates. Since India imports a large portion of its crude oil requirements, any movement in international markets impacts domestic retail prices. Additionally, the exchange rate between the rupee and the US dollar significantly affects import costs. When the rupee weakens, fuel becomes more expensive.
Apart from global factors, central and regional taxes also form a substantial part of the final retail price. This is the reason fuel rates differ from one city to another. Refining costs, transportation expenses, and dealer commissions further contribute to the final amount consumers pay at fuel stations.
Petrol and Diesel Prices in Major Cities – February 17
Here are the latest petrol and diesel prices in key cities:
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New Delhi: Petrol ₹94.72 | Diesel ₹87.62
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Mumbai: Petrol ₹104.21 | Diesel ₹92.15
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Kolkata: Petrol ₹103.94 | Diesel ₹90.76
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Chennai: Petrol ₹100.75 | Diesel ₹92.34
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Ahmedabad: Petrol ₹94.49 | Diesel ₹90.17
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Bengaluru: Petrol ₹102.92 | Diesel ₹89.02
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Hyderabad: Petrol ₹107.46 | Diesel ₹95.70
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Jaipur: Petrol ₹104.72 | Diesel ₹90.21
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Lucknow: Petrol ₹94.69 | Diesel ₹87.80
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Pune: Petrol ₹104.04 | Diesel ₹90.57
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Chandigarh: Petrol ₹94.30 | Diesel ₹82.45
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Indore: Petrol ₹106.48 | Diesel ₹91.88
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Patna: Petrol ₹105.58 | Diesel ₹93.80
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Surat: Petrol ₹95.00 | Diesel ₹89.00
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Nashik: Petrol ₹95.50 | Diesel ₹89.50
Why Have Prices Remained Stable in Recent Years?
Since May 2022, excise duty reductions by the central government and tax adjustments by several regional administrations have helped maintain relative stability in fuel prices. Despite volatility in global crude markets, domestic consumers have witnessed fewer sharp fluctuations compared to earlier periods.
However, market dynamics such as rising crude oil demand, geopolitical tensions, supply disruptions, or currency depreciation can quickly influence pricing trends. Increased consumption during peak travel seasons, festivals, or extreme weather conditions can also push demand higher, potentially affecting rates.
Key Factors That Determine Fuel Prices
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Global Crude Oil Prices: Higher crude rates increase production costs.
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Rupee-Dollar Exchange Rate: A weaker rupee raises import expenses.
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Government Taxes: Central and regional levies form a significant portion of retail prices.
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Refining Costs: Processing crude oil into usable fuel adds operational expenses.
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Demand and Supply Balance: Increased demand often leads to higher prices.
How to Check Fuel Prices via SMS
Consumers can easily check daily petrol and diesel prices using SMS services:
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Indian Oil customers: Type RSP <City Code> and send to 9224992249.
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BPCL customers: Type RSP and send to 9223112222.
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HPCL customers: Type HP Price and send to 9222201122.
Staying informed about daily fuel price revisions helps consumers plan expenses efficiently. With global crude markets remaining dynamic, monitoring petrol and diesel rates continues to be essential for both households and businesses.
