Fuel prices in India remained stable on Wednesday, November 2. Fuel prices in India have shown no significant swings for several months due to a record-breaking six-month freeze in fuel prices. There have been significant ups and downs in the price of crude oil in the world market in recent years, but stable prices have prevented the general population from benefiting from the decline in crude oil prices. Up to 85% of the country’s oil needs are covered by fuel imports. India, the world’s third largest fuel importer, is one of the countries that continues to buy Russian crude oil at a discounted price.
On November 2, the petrol price in the national capital Delhi remained below Rs 100 and costs Rs 96.72 per liter while the diesel price is Rs 89.62 per litre. Diesel costs Rs 94.27 and petrol costs Rs 106.31 per liter in Mumbai. The price of petrol in Chennai is Rs 102.65 per liter while diesel is sold for Rs 94.24 per litre. Kolkata charges Rs 106.03 for a liter of petrol and Rs 92.76 for a liter of diesel.
Check fuel rates in different cities on November 2nd.
Delhi
Gasoline: Rs 96.72 per litre
Diesel: Rs 89.62 per liter
Mumbai
Gasoline: Rs 106.31 per litre
Diesel: Rs 94.27 per liter
Chennai
Gasoline: Rs 102.65 per litre
Diesel: Rs 94.24 per liter
Kolkata
Gasoline: Rs 106.03 per litre
Diesel: Rs 92.76 per liter
Bengaluru
Gasoline: Rs 101.94 per litre
Diesel: Rs 87.89 per litre
Hyderabad
Gasoline: Rs 109.66 per litre
Diesel: Rs 97.82 per liter
Bhopal
Gasoline: Rs 108.65 per litre
Diesel: Rs 93.90 per liter
Gandhinagar
Gasoline: Rs 96.63 per liter
Diesel: Rs 92.38 per liter
Guwahati
Gasoline: Rs 96.01 per liter
Diesel: Rs 83.94 per liter
Lucknow
Gasoline: Rs 96.57 per litre
Diesel: Rs 89.87 per litre
Thiruvananthapuram
Gasoline: Rs 107.60 per litre
Diesel: Rs 96.42 per litre.
In accordance with foreign exchange rates and benchmark prices, public sector OMCs such as Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) regularly review fuel prices. The revised prices will take effect from 6 a.m. each day. Retail costs for gasoline and diesel vary from country to country due to various factors such as local taxes, VAT and freight charges.
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