New Petrol and Diesel Prices Announced: Find the Latest Rates in Your City for February 16

 

New Petrol and Diesel Prices Announced: Find the Latest Rates in Your City for Today 

Petrol and Diesel Prices on February 16, 2025: Daily Update from Oil Marketing Companies (OMCs)

Oil marketing companies (OMCs) revise the prices of petrol and diesel daily based on fluctuations in global markets. These new rates come into effect at 6 AM every day. The key factors affecting fuel prices include international crude oil prices and currency exchange rates. This ensures that customers receive up-to-date and accurate information on fuel costs.

Petrol and Diesel Prices Today in India - February 16, 2025

City	Petrol Price (Rs/litre)	Diesel Price (Rs/litre)
Delhi	94.72	87.62
Mumbai	103.44	89.97
Chennai	100.85	92.44
Kolkata	103.94	90.76
Noida	94.66	87.76
Lucknow	94.65	87.76
Bengaluru	102.86	88.94
Hyderabad	107.41	95.65
Jaipur	104.88	90.36
Trivandrum	107.62	96.43
Bhubaneswar	101.06	—

Since May 2022, fuel prices in India have remained stable following reductions in fuel taxes by both the central and state governments. Oil marketing companies (OMCs) revise fuel prices every morning at 6 a.m., based on fluctuations in global crude oil rates. The government regulates these prices through measures like excise duties, base pricing, and price caps.

Factors Influencing Petrol and Diesel Prices in India

1. Crude Oil Prices: The most significant factor affecting petrol and diesel prices is the cost of crude oil in the international market. India imports a large portion of its crude oil, so global price changes directly impact domestic fuel prices.

2. Exchange Rates: As crude oil is traded in US dollars, fluctuations in the value of the Indian Rupee against the dollar can affect the cost of oil imports. A weaker rupee makes imports more expensive, leading to higher fuel prices.

3. Taxes and Duties: Both the central and state governments impose excise duties, VAT (Value Added Tax), and other taxes on petrol and diesel. Changes in these taxes can cause fuel price hikes or reductions.

4. Oil Marketing Companies (OMCs): OMCs in India, such as Indian Oil, Bharat Petroleum, and Hindustan Petroleum, adjust fuel prices regularly based on the current global crude prices and other factors. They make daily updates to fuel rates at 6 a.m.

5. Transportation and Distribution Costs: The cost involved in transporting and distributing fuel to various regions within the country can influence prices. Factors like logistics costs, fuel storage, and infrastructure also contribute to the overall price.

6. Government Policies: The Indian government can implement policies such as price controls, subsidies, or adjustments to taxes that impact fuel prices. These policies are often aimed at managing inflation and ensuring the stability of fuel costs.

7. Supply and Demand: The balance between fuel supply and demand can affect prices. Natural calamities, geopolitical tensions, or disruptions in oil supply chains can lead to price fluctuations.

8. Refining and Production Costs: The cost of refining crude oil into usable petrol and diesel also plays a role. This includes the cost of maintaining refineries and the technologies used in production.

By considering these factors, the Indian government and OMCs try to manage fuel prices and maintain a balance between global market trends and domestic needs.

Check Petrol and Diesel Prices via SMS

You can quickly check the latest petrol and diesel prices in your city using SMS. Here’s how to do it:

• For Indian Oil (IOCL) customers: Text your city code followed by “RSP” to 9224992249.
• For BPCL (Bharat Petroleum) customers: Send “RSP” to 9223112222.
• For HPCL (Hindustan Petroleum) customers: Text “HP Price” to 9222201122.

By sending these messages, you’ll receive the updated fuel prices for your location.