Petrol, diesel fresh prices announced: check rates in your city on April 21

Petrol and diesel prices today on April 212024: Every morning at 6 am, oil marketing companies (OMCs) announce the prices of petrol and diesel, regardless of their stability. This consistent process, overseen by the OMCs, involves adjusting prices to reflect changes in global crude oil prices and exchange rates. This methodical approach ensures that consumers stay informed about daily changes in fuel costs.

In India, the pricing of petrol and diesel is subject to influences such as freight charges, value added tax (VAT) and local taxes, resulting in different rates between states.

Petrol Diesel Price Today in India (View City Rate Table Below)

Mumbai petrol and diesel price

Delhi Diesel Price Today

From April 21, diesel prices will be Rs 87.62 per litre.

Delhi petrol price today

As of April 21, the cost of petrol in Delhi will be Rs 94.72 per litre.

Mumbai petrol price today

As of April 21, petrol price in Mumbai continued to cross the Rs 100 mark and reached Rs 104.21 per litre.

Diesel Price in Mumbai Today

As of April 21, the price of diesel in Mumbai will be Rs 92.15 per litre.

Check petrol and diesel prices in the city on April 21;

City Petrol price (Rs/litre) Diesel price (Rs/litre)
Chennai 100.98 92.56
Calcutta 103.94 90.76
Noida 94.80 87.93
Lucknow 94.65 87.76
Bengaluru 99.84 85.93
Hyderabad 107.41 95.65
Jaipur 104.88 90.36
Trivandrum 107.25 96.13
Bhubaneswar 101.60 93.16

In India, fuel prices have remained stable since May 2022, following a cut in fuel taxes by the central government and several states.

Retail fuel prices are adjusted by OMCs daily at 6 a.m. based on global crude oil prices. The government monitors fuel prices through mechanisms such as excise taxes, base prices and price ceilings.

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Factors affecting petrol and diesel prices in India

Crude oil price: The primary raw material for the production of gasoline and diesel is crude oil, and as such its price directly affects the final cost of these fuels.

The exchange rate between Indian Rupee and US Dollar: As a major importer of crude oil, India’s petrol and diesel prices are also affected by the exchange rate between the Indian rupee and the US dollar.

Tax: Both the central and state governments impose different taxes on petrol and diesel. These taxes can vary from country to country and have a significant impact on the final prices of petrol and diesel.

The cost of refining:

The final price of gasoline and diesel is also influenced by the costs incurred in refining crude oil into these fuels. The refining process can be expensive and refining costs can fluctuate based on factors such as the type of crude oil used and the refinery’s efficiency.

The demand for petrol and diesel: Demand for gasoline and diesel can also affect their prices. If demand for these fuels increases, this could lead to higher prices.

Namit Singh Sengar

Namit writes about personal finance, economics and brands. Currently contributing to

first print: Apr 21, 2024 08:15 IST