Fuel Prices Today: Find the Latest Petrol and Diesel Rates in Your City - July 27 Updates

Fuel Prices Today: The latest petrol and diesel prices today were released by the oil marketing companies at 6 am and the price has remained unchanged compared to yesterday's prices.

As per the reports, the crude oil price on Friday dropped by 0.24% to Rs 6,556 per barrel and the price of crude oil per barrel worldwide is between $78 and $82.

However, the fuel prices remain constant despite the changes in crude oil prices.

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Check Latest Petrol and Diesel Rates in Your City

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Factors that Affect the Fuel Prices

Several elements affect the price of petrol and diesel in India. Here are some of these things:

• Crude oil: When the crude oil rates increase, the fuel prices in India also increase and when the crude oil prices decrease, fuel prices also decrease. It has a direct effect on fuel prices.
• US Dollar Value: The rates of oil barrels increase when the US dollar value decreases and vice versa.
• Tax: Taxes in India such as state and central taxes have a huge influence over petrol and diesel prices in India.
• Refining Cost: Refining also directly affects fuel prices, Refining fuels is expensive and the price depends on the type of crude oil used and is the refining fuel is effective.
• Demand and Supply: Fuel prices are based on the amount of supply compared to demand, for example, if the demand exceeds supply then the price of fuel will increase and if the supply exceeds demand then the fuel prices will decrease.

If you want to find the latest petrol and diesel prices prevailing over your city, then you can send an sms to the particular oil marketing companies such as to know Indian Oil fuel prices then sms at 9224992249, for BPCL fuel prices sms at 9223112222 and for HPCL sms at 9222201122.

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