In India, petrol and diesel prices are revised every day at 6 a.m. Oil Marketing Companies (OMCs) update the rates based on global crude oil prices and the rupee–dollar exchange rate. This ensures that consumers receive the latest fuel price updates every morning.
As of today, changes have been recorded in petrol, diesel, and even CNG prices across several cities. Let’s take a detailed look at the latest fuel prices across major Indian metros.
Petrol Diesel Price 27 Oct: Rates Across Key Cities
| City | Petrol Price (₹/L) | Change (₹/L) |
|---|---|---|
| Lucknow | 96.57 | 0.00 |
| Patna | 107.24 | -0.30 |
| Pune | 106.07 | -0.24 |
| Mumbai | 106.31 | 0.00 |
| Kolhapur | 106.51 | -0.04 |
| Ghaziabad | 96.58 | +0.14 |
| Kolkata | 106.03 | 0.00 |
| Ludhiana | 98.73 | +0.28 |
| Mysore | 101.50 | 0.00 |
| Nagpur | 106.04 | 0.00 |
| Nashik | 106.86 | +0.64 |
CNG Rate Today: Latest Compressed Natural Gas Prices
| City | CNG Price (₹/kg) |
|---|---|
| Delhi | ₹76.59 /kg |
| Noida | ₹81.70 /kg |
| Faridabad | ₹86.26 /kg |
| Mumbai | ₹78.00 /kg |
| Kolkata | ₹90.00 /kg |
| Chennai | ₹91.50 /kg |
How Are Petrol and Diesel Prices Determined in India?
Fuel prices in India vary from state to state and are not uniform nationwide. Several factors influence these differences. Let’s understand them in detail:
1. Taxes and Local Levies
Both the central and state governments impose different taxes on petrol and diesel. State-level VAT and local surcharges vary, which leads to differences in retail fuel prices across regions.
2. Global Crude Oil Prices
Petrol and diesel are derived from crude oil. When crude prices rise in the international market, domestic fuel prices in India also move upward accordingly.
3. Rupee–Dollar Exchange Rate
Since India imports a large portion of its crude oil and pays for it in U.S. dollars, any depreciation of the rupee against the dollar makes oil imports more expensive — thereby raising fuel costs.
4. Demand and Supply
When domestic demand for petrol and diesel increases, prices tend to rise. Conversely, when demand weakens, prices may decline.
5. Refining and Distribution Costs
Turning crude oil into usable fuel products involves significant refining, transportation, and marketing costs. These expenses are factored into the final retail price paid by consumers.
Conclusion:
Fuel rates in India are dynamic and depend on global crude prices, currency movements, taxes, and overall demand. Staying updated with daily revisions helps consumers make informed decisions and plan their expenses more effectively
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