Fuel prices across India were updated at 6 AM on November 29, as Oil Marketing Companies (OMCs) revised petrol and diesel rates based on global crude oil trends and currency fluctuations. Although the daily price mechanism continues, retail fuel prices have largely remained unchanged since May 2022, following central and state tax reductions.
📍 City-Wise Petrol & Diesel Prices (₹/Litre) — November 29, 2025
| 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 |
| Surat | 95.00 | 89.00 |
| Nashik | 95.50 | 89.50 |
🛢 Why Fuel Prices Change Daily
OMCs adjust fuel rates every morning at 6 AM to align with:
- Global crude oil price movements
- International supply-demand balance
- Currency exchange rates, especially INR vs USD
- Refining and freight costs
However, retail prices remain influenced by government taxation and informal regulatory controls, which often prevent sudden spikes.
🔍 Key Factors Affecting Fuel Prices in India
1. Global Crude Oil Prices
India imports more than 80% of its crude, making international rates the biggest determinant.
2. INR–USD Exchange Rate
A weaker rupee generally pushes fuel prices up.
3. Central & State Taxes
GST does not apply to fuel; excise duty + VAT make up a large portion of the final price.
4. Refinery Costs
Processing different grades of crude oil can vary in cost.
5. Market Demand
High consumption periods can influence supply and pricing trends.
📲 How to Check Fuel Prices by SMS
- Indian Oil (IOCL): RSP <space> CITY CODE → 9224992249
- Bharat Petroleum (BPCL): RSP → 9223112222
- Hindustan Petroleum (HPCL): HPPRICE → 9222201122
Consumers can receive updated fuel prices directly on their mobile phones anytime.
Originally published on 24×7-news.com.
