With Diwali and Chhath just around the corner, Indian consumers have received a welcome piece of news—fuel prices have come down, offering some relief amid rising living costs. Essentials like petrol and diesel, which directly impact household budgets, have seen a dip in rates across major cities.
Every morning at 6 AM, oil marketing companies (OMCs) release updated fuel prices based on global crude oil trends and fluctuations in the dollar-rupee exchange rate. These daily revisions play a crucial role in shaping the cost of living, making it essential for consumers to stay informed.
Here are the latest fuel prices for October 5:
| City | Petrol (₹/L) | Diesel (₹/L) |
|---|---|---|
| New Delhi | ₹94.72 | ₹87.62 |
| Mumbai | ₹104.21 | ₹92.15 |
| Kolkata | ₹103.94 | ₹90.76 |
| Chennai | ₹100.75 | ₹92.34 |
| Ahmedabad | ₹94.49 | ₹90.17 |
| Bangalore | ₹102.92 | ₹89.02 |
| Hyderabad | ₹107.46 | ₹95.70 |
| Jaipur | ₹104.72 | ₹90.21 |
| Lucknow | ₹94.69 | ₹87.80 |
| Pune | ₹104.04 | ₹90.57 |
| Chandigarh | ₹94.30 | ₹82.45 |
| Indore | ₹106.48 | ₹91.88 |
| Patna | ₹105.58 | ₹93.80 |
| Surat | ₹95.00 | ₹89.00 |
| Nashik | ₹95.50 | ₹89.50 |
CNG Price Update
Compressed Natural Gas (CNG) rates have also seen fluctuations in several cities. Here are the latest CNG prices:
| City | CNG Rate (₹/kg) |
|---|---|
| Delhi | ₹76.59 |
| Mumbai | ₹77.00 |
| Noida | ₹84.70 |
| Pune | ₹92.50 |
| Agra | ₹96.75 |
| Amritsar | ₹87.58 |
| Faridabad | ₹88.72 |
What Determines Fuel Prices?
Fuel prices in India are influenced by several factors including global crude oil rates, taxation policies, currency exchange rates, transportation and refining costs, and government regulations. The balance between demand and supply also plays a key role. Since May 2022, the central government along with several state governments have reduced fuel taxes, contributing to greater price stability.
As the festive season approaches, the dip in fuel prices is expected to ease financial pressure on households and businesses alike.