Petrol prices across most parts of the country remained unchanged today, offering relief to vehicle owners despite continued volatility in global crude oil markets. Fuel prices continue to be revised daily by oil marketing companies, with the final retail rate varying from one state to another due to differences in VAT and local taxes.

While international crude oil prices and the rupee-dollar exchange rate continue to influence fuel costs, there has been no major revision in retail petrol prices for most cities today.

Petrol Prices in Major Cities Today

*Prices may vary slightly depending on the fuel station and local taxes.

Why Do Petrol Prices Differ Across States?

Even though petrol prices are revised every morning at 6 a.m., the rates are not the same across India. The difference is mainly because each state levies its own Value Added Tax (VAT), while transportation costs, dealer commissions, and local charges also influence the final retail price. Petrol is currently outside the GST regime.

What Determines Petrol Prices?

Several factors influence the price consumers pay at fuel stations:

• International crude oil prices

• Rupee-US dollar exchange rate

• Central excise duty

• State VAT and local taxes

• Dealer commission

• Transportation and freight costs

Any major movement in these factors can lead to changes in retail fuel prices.

Global Developments Continue to Influence Fuel Markets

Although retail petrol prices have remained stable today, global energy markets continue to remain under watch. Recent policy decisions, including changes in export duties on petroleum products, indicate that international crude oil movements remain an important factor for India's fuel pricing outlook.

Consumers planning long-distance travel are advised to check fuel prices in their respective cities, as rates can differ significantly from one state to another due to varying tax structures.