Petrol Diesel Rate 16 Nov: Oil marketing companies (OMCs) release new rates every day at 6 am. These prices depend on the price of crude oil in the international market and fluctuations in the dollar-rupee exchange rate. These changes directly affect the pockets of the common man, whether he is an office-goer, a driver, or a shopkeeper selling daily necessities.
Knowing the latest daily rates is also wise because it helps people plan their expenses better. The government and OMCs follow a transparent system for updating rates so that consumers receive accurate and timely information. Let’s find out today’s new petrol and diesel prices.
Petrol Diesel Rate 16 Nov: Petrol-diesel prices in major cities
| City | Petrol (₹) | Diesel (₹) |
|---|---|---|
| New Delhi | 94.72 | 87.62 |
| Mumbai | 104.21 | 92.15 |
| Kolkata | 103.94 | 90.76 |
| Chennai | 100.75 | 92.34 |
| Ahmedabad | 94.49 | 90.17 |
| Bengaluru | 102.92 | 89.02 |
| Hyderabad | 107.46 | 95.70 |
| Jaipur | 104.72 | 90.21 |
| Lucknow | 94.69 | 87.80 |
| Pune | 104.04 | 90.57 |
| Chandigarh | 94.30 | 82.45 |
| Indore | 106.48 | 91.88 |
| Patna | 105.58 | 93.80 |
| Appearance | 95.00 | 89.00 |
| Nashik | 95.50 | 89.50 |
Petrol Diesel Rate 16 Nov: What factors determine fuel prices?
1. Crude oil rates
Petrol and diesel are made from crude oil. Therefore, any increase in the price of crude oil abroad immediately impacts the domestic market.
2. Dollar-Rupee exchange rate
India buys most of its crude oil in dollars. If the rupee weakens, imports become more expensive, which increases the price of petrol and diesel.
3. Taxes and fees
The central and state governments levy heavy taxes on fuel, which is why prices vary from state to state.
4. Refining costs
The cost of processing crude oil into usable form depends on the quality of the oil and the capacity of the refinery.
5. Demand and supply
The demand for fuel increases during festivals or changing seasons, and this sometimes causes prices to go up.
CNG Rate Today: What is the price of CNG today?
| City | CNG (₹) |
|---|---|
| Delhi | 76.09 |
| Mumbai | 77.00 |
| Chennai | 91.50 |
| Kolkata | 90.00 |
| Patna | 84.54 |
| Gurgaon | 82.12 |
How to know the rate of your city through SMS?
- Indian Oil (IOCL): Send “RSP <city code>” to — 9224992249
- BPCL: Send “RSP” to – 9223112222
- HPCL: Send “HP Price” to – 9222201122
Also Read: Gold Rate Today 16 Nov: Know today’s gold and silver prices here
