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US West Texas Intermediate (WTI) futures showed an up move by 22 cents or 0.3 per cent and touched $67.42 per barrel.…Petrol, Diesel Price Today 6 December 2024: Check latest update on petrol and diesel prices in Mumbai, Kozhikode, Shimla, New Delhi and Chennai…Petrol, Diesel Price Today 5 December 2024: Check the latest updates on fuel prices in Chennai, Mumbai Bengaluru, Jammu and Indore…The Indian government deregulated petrol and diesel prices in June 2010 and October 2014.
In India, neither the central nor state governments have direct control over fuel prices.
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For example, if the Indian rupee falls against the US dollar, the price of crude oil in India may rise.Petrol prices vary across Indian states due to three critical factors: tax regulations, transportation costs, and political health.
Different states in India have different tax laws.
Petroleum derivatives are taxed differently by the state and central governments.
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