Oil marketing companies released the latest petrol and diesel prices for April 4, keeping rates largely stable across major cities. Fuel prices continue to be influenced by global crude oil rates, rupee-dollar exchange, and taxes.
Petrol Diesel Prices Remain Steady
New Delhi: New petrol and diesel prices have been released across the country for today, April 4. Oil marketing companies (OMCs) update the latest rates every day, directly impacting the public's pockets.
Petrol and diesel prices are not limited to fuel; they impact everyday life. From office-goers to small businesses, every segment is affected. Increases or decreases in transportation costs also impact commodity prices.
Govt cuts excise duty on petrol and diesel by Rs 10 amid crude oil surge; Full details
Petrol and diesel prices in major cities across the country are as follows:
New Delhi: Petrol ₹94.72, Diesel ₹87.62
Mumbai: Petrol ₹104.21, Diesel ₹92.15
Kolkata: Petrol ₹103.94, Diesel ₹90.76
Chennai: Petrol ₹100.75, Diesel ₹92.34
Ahmedabad: Petrol ₹94.49, Diesel ₹90.17
Bengaluru: Petrol ₹102.92, Diesel ₹89.02
Hyderabad: Petrol ₹107.46, Diesel ₹95.70
Jaipur: Petrol ₹104.72, Diesel ₹90.21
Lucknow: Petrol ₹94.69, Diesel ₹87.80
Pune: Petrol ₹104.04, Diesel ₹90.57
Chandigarh: Petrol ₹94.30, Diesel ₹82.45
Indore: Petrol ₹106.48, Diesel ₹91.88
Patna: Petrol ₹105.58, Diesel ₹93.80
Surat: Petrol ₹95.00, Diesel ₹89.00
Nashik: Petrol ₹95.50, Diesel ₹89.50
After May 2022, the central and several state governments reduced fuel taxes. Since then, petrol and diesel prices have not fluctuated much. Despite changes in the international market, prices in India have remained relatively stable.
Petrol and diesel prices depend on several key factors:
Crude oil prices: When oil prices rise in the international market, domestic prices also rise.
Dollar-rupee exchange rate: When the rupee weakens, imports become more expensive.
Government taxes: Central and state government taxes account for a significant portion of the price.
Refining costs: The process of converting crude oil into usable fuel.
Demand and supply: Prices can rise when there is high demand.
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Effective April 1, the price of Indian Oil's high-performance fuel, XP100 petrol, has been increased significantly. The price of this premium petrol has been increased from ₹149 per liter to ₹160 per liter, a sharp increase of ₹11 per liter.
XP100 petrol is the country's first 100-octane premium fuel, primarily used in luxury cars and superbikes. The higher octane level helps improve engine efficiency and performance, resulting in smoother running and increased power.
Not only petrol, but the price of Indian Oil's premium diesel variant, 'Xtra Green', has also been revised. Its price has now increased from ₹91.49 per liter to ₹92.99 per liter.
