Petrol, Diesel Prices Today on July 19, 2024: City-Wise Rates and Influencing Factors

Oil marketing companies (OMCs) announce fuel prices daily at 6 am, maintaining consistency despite the inherent volatility of these commodities. Adjustments are made in response to global crude oil prices and fluctuations in foreign exchange rates to keep consumers informed about the latest fuel costs.

Since March 2024, after the central government reduced petrol prices by Rs 2, prices have remained largely unchanged in most parts of the country. Before that, prices had been steady since May 2022 following a reduction in fuel taxes by the central government and several states.

Petrol and Diesel Prices in India (July 19, 2024)

Check the city-wise petrol and diesel prices below:

Factors Affecting Petrol and Diesel Prices in India

Crude Oil Price: The primary raw material for petrol and diesel is crude oil. Its price directly influences the ultimate cost of these fuels.

Exchange Rate: As a major importer of crude oil, India’s petrol and diesel prices are influenced by the exchange rate between the Indian rupee and the US dollar.

Tax: Various taxes on petrol and diesel are imposed by both central and state governments. These taxes differ across states, significantly impacting the final prices.

Cost of Refining: The final price of petrol and diesel is also influenced by the expenses incurred in refining crude oil. These costs vary based on factors such as the type of crude oil used and the refinery’s efficiency.

Demand: The demand for petrol and diesel can also affect their prices. Increased demand can lead to higher prices.

How to Check Petrol and Diesel Prices via SMS

You can easily find out the latest petrol and diesel prices in your city via SMS:

• If you are a customer of Indian Oil, write RSP followed by your city code and send it to 9224992249.
• If you are a customer of BPCL, write RSP and send it to 9223112222.
• If you are a customer of HPCL, write HP Price and send it to 9222201122.