Daily Petrol & Diesel Prices: Today's Fuel Rates in India
In India, fuel prices are updated daily at 6:00 AM IST based on the Dynamic Fuel Pricing mechanism. This ensures that even small fluctuations in international global oil prices are passed on to consumers. Our Petrol/Diesel Price Tracker provides the most current rates across all states and major cities, sourced from reliable oil marketing companies (OMCs).
Fuel rates vary from city to city due to different Value Added Tax (VAT) rates imposed by state governments and local freight charges. Whether you are a daily commuter or a transport business owner, staying updated with today's fuel rate helps you manage your travel expenses more effectively.
FAQs
Q.: Why do petrol and diesel prices change every day?
A.: India follows a Dynamic Fuel Pricing system where prices are revised daily at 6:00 AM. This allows the retail price to reflect the global crude oil trends and currency exchange rate fluctuations accurately.
Q.: Why is there a difference in fuel prices between states?
A.: The variation in petrol and diesel prices across states is primarily due to different VAT (Value Added Tax) rates charged by individual state governments. Additionally, transportation costs (freight) from the refinery to the local petrol pump also affect the final price.
Q.: What are the main components of the fuel price in India?
A.: The retail price is made up of the Base Price, Freight charges, Central Excise Duty, Dealer Commission, and State-level VAT. Excise duty and VAT usually make up a significant portion of the total price paid by the consumer.
Q.: How can I check the petrol price in my city?
A.: You can use our search tool to find your city-wise fuel price. Simply select your state and city to get the live rate. Alternatively, oil companies provide an SMS service where you can send a specific dealer code to get the current rate.
Q.: Does the price of Petrol and Diesel include GST?
A.: No, Petrol and Diesel are currently outside the purview of GST (Goods and Services Tax). Instead, the central government levies Excise Duty and state governments levy VAT, which is why prices vary so much across India.