National oil companies update the prices of petrol and diesel every day at 6 AM. Termed dynamic fuel pricing, it was introduced in June 2017 in order to increase transparency and limit speculative practices. According to the latest update today, i.e. 20th May 2024, no significant change has been seen in the prices of petrol and diesel. If we talk about the international market, there are fluctuations in the prices of crude oil.
The petrol prices are revised every day at 6 AM.
Talking about crude oil, its price has increased in the international market. Brent Crude is trading at $84.21 per barrel, while WTI crude is trading at $80.23 per barrel. Whereas, if we talk about India, the government oil companies have kept the prices of petrol and diesel stable in all the metropolitan cities even today i.e., May 20, 2024.
Prices in Metropolitan cities:
New Delhi
Petrol: Rs 94.72 per liter, Diesel: Rs 87.62 per liter
Mumbai
Petrol: Rs 104.21 per liter, Diesel: Rs 92.15 per liter
Kolkata
Petrol: Rs 103.94 per liter, Diesel: Rs 90.76 per liter
Chennai
Petrol: Rs 100.75 per liter, Diesel: Rs 92.34 per liter
Fuel Prices in Punjab
Talking about Punjab, the average price of petrol was found to be Rs 96.58 per liter while the price of Diesel was found to be Rs 86.93 per liter.
Here’s how to check the fuel prices in your city
The prices of petrol and diesel in India are based on the international crude oil prices. Indian oil marketing companies decide the prices of petrol and diesel daily after reviewing the prices of crude oil in the international market. Indian Oil, Bharat Petroleum and Hindustan Petroleum oil companies update information on petrol and diesel prices of 6 different cities every morning.
You can find the diesel and petrol prices in your city today through SMS. If you are a customer of Indian Oil then you have to write the city code along with RSP (Retail Selling Price) and send it to the number 9224992249. If you are a Bharat Petroleum (BPCL) customer, you can get information related to the latest fuel prices by texting RSP and city code to 9223112222. If you are a customer of Hindustan Petroleum (HPCL), then you can know the price of petrol and diesel by typing HP Price and sending it to the 9222201122.