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Petrol-Diesel Price Today: Check Latest Rates in Bengaluru and Major Cities!
- •Petrol and diesel prices in India are updated daily at 6 AM.
- •As of October 3, there has been no change in fuel prices in most cities, maintaining yesterday's rates.
- •Delhi: Petrol ₹102.12, Diesel ₹95.20; Bengaluru: Petrol ₹111.68, Diesel ₹99.56.
- •Fuel prices vary by state and city due to international crude oil prices, rupee-dollar exchange rates, freight charges, excise duty, and state VAT.
- •India imports about 85% of its crude oil, making domestic prices sensitive to global market fluctuations and the rupee's strength against the dollar.
Key Questions Answered
As of October 3, fuel prices remained stable across most cities, with petrol and diesel trading at yesterday's rates. In Bengaluru, petrol is priced at ₹111.68 per liter and diesel at ₹99.56 per liter. Other major cities include Delhi at ₹102.12 for petrol and ₹95.20 for diesel, Mumbai at ₹111.31 and ₹97.97, and Kolkata at ₹113.51 and ₹99.82.
Fuel prices differ across regions because they depend on international crude oil prices, the exchange rate of the rupee against the US dollar, freight charges, central excise duty, and value-added tax (VAT) levied by individual state governments. These varying local taxes and freight costs cause final retail prices to fluctuate by city and state.
Domestic fuel prices rise primarily because India imports about 85% of its crude oil needs, making it vulnerable to rising global crude prices. Additionally, excise duties and VAT double the base price, while a weakening Indian rupee against the US dollar makes importing crude oil more expensive.
