Petrol Diesel Price Today: Check March 20 Fuel Rates in Delhi, Mumbai, Chennai
Fuel prices across India remained steady on March 20, offering some relief to consumers despite ongoing fluctuations in global crude oil markets. Petrol and diesel rates continue to vary across cities due to differences in state taxes and local levies.
Here’s a look at the latest fuel prices in key cities:
Kolkata: Petrol is available at ₹105.41 per litre, while diesel is priced at ₹92.02 per litre.
Chennai: Petrol costs ₹100.93 per litre and diesel is priced at ₹92.48 per litre.
Bengaluru: Petrol is around ₹102.92 per litre, while diesel is ₹90.99 per litre.
Even though the base price of petrol and diesel is largely influenced by global crude oil prices, local factors play a major role in determining the final retail price consumers pay.
However, despite global fluctuations, domestic fuel prices have remained stable for now, providing temporary relief to consumers.
Rupee-dollar exchange rate
Demand and supply dynamics
Central excise duty and state VAT
Fuel Prices Remain Unchanged in Major Cities
As per the latest update, oil marketing companies have kept petrol and diesel prices unchanged in major metro cities. Fuel rates are revised daily at 6 AM under the dynamic pricing system, but no revisions were recorded today.Here’s a look at the latest fuel prices in key cities:
- Delhi: Petrol is priced at ₹94.77 per litre, while diesel costs ₹87.67 per litre.
- Mumbai: Petrol stands at ₹103.54 per litre and diesel at ₹90.03 per litre.
Why Fuel Prices Differ Across Cities
Fuel prices in India are not uniform and vary significantly from one city to another. This is mainly due to state-specific taxes, VAT rates, transportation costs, and dealer commissions.Even though the base price of petrol and diesel is largely influenced by global crude oil prices, local factors play a major role in determining the final retail price consumers pay.
Global Crude Oil Impact on Fuel Prices
International crude oil prices continue to influence domestic fuel rates. Rising geopolitical tensions and supply concerns in global markets have kept crude oil prices volatile in recent weeks.However, despite global fluctuations, domestic fuel prices have remained stable for now, providing temporary relief to consumers.
How Fuel Prices Are Decided in India
Petrol and diesel prices in India are determined by state-run oil marketing companies such as Indian Oil, BPCL, and HPCL. Prices are revised daily based on several factors, including:- Global crude oil prices
What Consumers Should Know
Since fuel prices are updated daily, consumers are advised to check the latest rates before refuelling. Even minor fluctuations can impact travel costs, especially for frequent commuters and long-distance travelers.Next Story