Petrol Diesel Price 7 Nov: New petrol and diesel prices are released daily at 6 am in India. Oil companies (OMCs) update prices based on international crude oil prices and the dollar-rupee exchange rate. This ensures consumers receive daily updates on the latest rates. Changes have been recorded in petrol, diesel, and CNG rates today. Let’s take a closer look at today’s prices in major cities.
Petrol Diesel Price 7 Nov: Petrol and diesel prices in major cities
New petrol and diesel prices are released daily, with different prices in different cities. Let’s take a closer look at today’s rates in major cities.
| City | Petrol (₹/Litre) | Diesel (₹/Litre) |
|---|---|---|
| Delhi | 94.77 | 87.67 |
| Mumbai | 103.50 | 90.03 |
| Chennai | 100.90 | 92.48 |
| Kolkata | 105.41 | 92.02 |
| Hyderabad | 107.46 | 95.70 |
| Jaipur | 104.72 | 90.21 |
| Lucknow | 94.69 | 87.81 |
| Chandigarh | 94.30 | 82.45 |
| Patna | 105.34 | 91.59 |
CNG Rate Today: What is the price of CNG today?
| City | CNG (₹/Kilogram) |
|---|---|
| Delhi | 76.09 |
| Mumbai | 77.00 |
| Chennai | 91.50 |
| Kolkata | 90.00 |
| Patna | 84.54 |
| Gurgaon | 82.12 |
Petrol Diesel Rate: How are Petrol and Diesel Prices Determined?
In India, petrol and diesel prices vary by state. They is no uniformity across the country. There are several reasons behind this. Let’s explore them in detail…
1. Taxes and Local Duties
The central government and state governments impose different taxes on petrol and diesel. VAT and other levies vary by state, causing price fluctuations.
2. Global Crude Oil Price
Petrol and diesel are made from crude oil. If crude oil becomes more expensive in the international market, fuel prices also become more expensive in India.
3. Dollar-Rupee Exchange Rate
India imports crude oil and pays for it in dollars. If the rupee weakens against the dollar, purchasing oil becomes more expensive, leading to higher prices.
4. Demand and Supply
If demand for petrol and diesel increases in the country, prices also increase. However, if demand decreases, prices may fall.
5. Refining Costs
The process of converting crude oil into petrol and diesel is quite expensive. This cost also adds to the final price.
Also Read- Gold Rate Today 06 Nov: Know today’s gold and silver prices here
