Fuel Rates Today On September 22: Check the Latest Petrol and Diesel Price in Your City

Fuel Rates Today On September 22: After a decrease in petrol and diesel rates the previous day, the fuel rate today in Bhubaneswar has also decreased while in some cities the petrol and diesel prices remained the same.

On Sunday, September 22 the petrol rate stands at Rs 100.92 per liter while the diesel rate is priced at Rs 92.50 per liter.

The fuel rate today went down in Bhubaneswar by 18 paise.

The latest petrol and diesel prices are published by the Oil marketing companies daily every morning at 6 am after adjusting the crude oil prices.

The last decline in petrol and diesel rates was recorded before the Lok Sabha election which was in March. The government reduced the petrol and diesel rate by Rs 2 in March.

Oil marketing companies such as HPC, BPCL, and IOC adjust the new petrol and diesel prices every day at 6 am.

Let’s take a look at the current ongoing petrol and diesel rates in India.

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Check the Latest Petrol and Diesel Price in Your City

Factors Affecting the Fuel Prices in India

There are various factors that affect the fuel price in India. Some of these factors are:

Demand and Supply: As the demand for petrol and diesel rises, the price of the fuel also increases. On the other hand, as the supply of petrol and diesel increases, the fuel rate decreases or vice versa.

Geopolitical factors: Geopolitical factors include dead of the highest political leader, war, political instability, or any uncertainty that affects the fuel and petrol rates significantly.

Taxes: Taxes also play an important role in the fluctuation of fuel prices. Rise in taxes such as central and state governments, Excise duty and value-added taxes highly influence the fuel rates in India.

Also Read: Fuel Rates Today On September 21: Check the Latest Petrol and Diesel Price in Your City