Fuel Prices Today: Find the Latest Petrol and Diesel Rates in Your City - July 26 Updates

Fuel Prices Today: On the third day after the Union Budget was announced, the petrol and diesel prices today stayed constant for months.

The new fuel prices are announced every day in the morning at 6 am by oil marketing companies such as HPCL, Bharat Petrol, and many others.

Oil marketing companies regulate the fuel prices in India after looking at the crude oil prices and other factors that affect the fuel prices.

On Friday, July 26 as the fuel prices remain unchanged let's take a glimpse the petrol and diesel prices in each state in India.

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Latest Petrol And Diesel Rates In Your City

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Factors Affecting Fuel Prices

However, there are several elements that affect the price of fuel in India. Here are some of these things:

• Crude oil: When the crude oil prices increase, the petrol and diesel prices in India also increase or vice versa. It has a direct effect on fuel prices.
• US Dollar Value: The prices of oil barrels go up when the value of the US dollar goes down
• Tax: Taxes such as excise duty, GST, and state tax directly and highly impacts the petrol and diesel price in India.
• Refining Cost: Refining fuels are costly and the costs depend on the type of crude oil used and how well it is refined.
• Demand and Supply: Fuel prices are determined by the ratio between supply and demand, for example, if the demand for fuel is high then the price will also increase and if the supply of fuel exceeds its demand then the fuel prices will go down.

If people want to find the most up-to-date prices on petrol and diesel, they can send sms to the respective oil marketing companies' numbers such as Indian Oil sms at 9224992249, BPCL sms at 9223112222 and HPCL sms at 9222201122.

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