Petrol and Diesel Price: Despite the inherent volatility of petroleum and diesel, oil marketing firms (OMCs) always publish the price of these commodities at six in the morning. To make sure customers are constantly aware of the most recent gasoline prices, the OMCs modify prices in reaction to changes in foreign currency rates and the price of crude oil on a worldwide scale.
Crude oil price: Since crude oil is the main ingredient used to make gasoline and diesel, its price has a direct impact on the final cost of these fuels.
The US dollar to Indian rupee exchange rate is as follows: India is a significant importer of crude oil; therefore, the exchange rate between the US dollar and the Indian rupee affects the price of gasoline and diesel in India as well.
Tax: Both the federal and state governments apply different taxes on gasoline and diesel. State-by-state variations in these taxes may have a significant impact on the final cost of gasoline and diesel.
The cost of refining: The costs associated with turning crude oil into gasoline and diesel have an impact on the ultimate price of these fuels. Refinement may be an expensive operation, and costs can vary depending on the kind of crude oil used and the efficiency of the refinery.
The demand for gasoline and diesel: The demand for these fuels has the potential to impact pricing. Prices may rise if there is a greater demand for certain fuels.
Additionally, you may use SMS to get the most recent rates on gasoline and diesel in your city. If you are an Indian Oil client, you must transmit the RSP to 9224992249, along with the city code. If you are a BPCL customer, you may write an RSP and email it to 9223112222 to find out the updated price of gasoline and diesel. On the other hand, if you are an HPCL client, you may send an email with HP Price to 9222201122 to find out the price of gasoline and diesel.
