India uses Dynamic Fuel Pricing for Petrol and Diesel. Prices change daily and are publicized by the OMCs (Oil Marketing Companies). The government doesn’t control the prices; they vary by state due to taxes. Crude oil prices impact Petrol and Diesel prices in India.
In India, diesel sales decreased by 3 per cent in September. Consumption of Diesel, accounting for about two-fifths of the demand, descended to 5.81 million tonnes in September from 5.99 million tonnes demand a year earlier. Demand for diesel decreased by 5 per cent in the first half of September but increased in the second half. M-O-M sales increased by 2.5 per cent compared to the diesel consumption in August. Petrol sales escalated by 5.4 per cent to 2.8 million tons in September compared to the same timeframe last year. Consumption of Petrol was almost constant in August. Month-over-month sales increased by 5.6 per cent in September.
Petrol prices remained unchanged according to India’s Oil Marketing Companies (OMCs). Petrol in Delhi sells at Rs.96.72. In Kolkata, Petrol costs Rs.106.03. In Mumbai, Petrol is being sold at Rs.111.35. In Chennai, Petrol is being charged at Rs.102.63. In Hyderabad, Petrol is available at Rs.109.66.
Diesel prices were untouched by the Oil Marketing Companies (OMCs) in India. Diesel price in Delhi is quoted at Rs.89.62. In Kolkata, Diesel is priced at Rs.92.76. In Mumbai, Diesel is sold at Rs.97.28. In Chennai, Diesel is sold at Rs.94.24. In Hyderabad, Diesel is being sold at Rs.97.82.