Last update:03 Nov 2024, 09:07 IST

Stay updated with the latest petrol and diesel prices in Mumbai, other cities for November 3, 2024. Find out the current rates per liter and understand the factors that influence daily fuel prices.

Gasoline and diesel prices on November 3.

Petrol and diesel prices today, November 3, 2024: Every day at 6 am, the oil marketing companies (OMCs) announce the price of gasoline and dieselmaintaining consistency despite the inherent volatility of these commodities. OMCs adjust prices in response to global crude oil prices and exchange rate fluctuations, ensuring that consumers are always informed of the latest fuel costs.

Diesel price today in India

Check petrol and diesel prices by city on November 3:

Factors Affecting Petrol and Diesel Prices in India

Crude oil price: The primary feedstock for the production of gasoline and diesel is crude oil; as such, its price directly influences the final cost of these fuels.

Indian Rupee to US Dollar Exchange Rate: As a major importer of crude oil, petrol and diesel prices in India are also influenced by the exchange rate between the Indian and US dollars.

Fee: Various taxes on petrol and diesel are imposed by both the central and state governments. These taxes can differ from one state to another, exerting a noticeable influence on the final prices of gasoline and diesel.

Refining cost:

The final price of gasoline and diesel is further influenced by the expenses incurred in refining the crude oil into these fuels. The refining process can be expensive, and refining expenses can fluctuate based on factors such as the type of crude oil used and refinery efficiency.

Gasoline and diesel demand: Demand for gasoline and diesel can also affect their prices. If demand for these fuels increases, this may lead to higher prices.

Find out the price of petrol and diesel by SMS

You can also find out the latest petrol and diesel prices in your city via SMS. If you are customer of Indian Oil then you will have to write RSP along with city code and send it to 9224992249. If you are customer of BPCL then you can get information about new petrol and diesel price by writing RSP and send it to 9223112222. Whereas, if you are a customer of HPCL, then you can know the price of petrol and diesel by typing HP Price and sending it to 9222201122.