Petrol, Diesel Fresh Prices Announced For November 4: Check Fuel Rates In Your City

Petrol, and Diesel Prices on November 4: Though crude oil prices on Friday fell amid easing supply concerns, petrol and diesel prices in India saw a slight increase.

However, metro cities continue to have the same prices for diesel and petrol. According to government oil companies, in Uttar Pradesh’s Gautam Budh Nagar district (Noida-Greater Noida), the price of petrol increased by 41 paise to Rs 97.00 a litre this morning, while diesel is being sold 38 paise cheaper at Rs 89.76 a litre. In Chandigarh, the petrol and diesel prices remained the same at Rs 96.20 and Rs 84.26 a litre, respectively.

In Lucknow, petrol prices stood at Rs 96.57 a litre and diesel at Rs 89.57. In Gurugram, the price of petrol increased by 34 paise to Rs 97.18 a litre and that of diesel rose by 33 paise to Rs 90.05.

Currently, petrol in Delhi is being sold at Rs 96.72 a litre while diesel is being sold at Rs 89.62 a litre. Whereas in Mumbai, petrol is available at Rs 106.31 and diesel at Rs 94.27 per litre. While petrol in Kolkata is Rs 106.03 and diesel is Rs 92.76 per litre. On the other hand, petrol is being sold at Rs 102.63 and diesel at Rs 94.24 per litre in Chennai.

In India, oil marketing companies (OMCs) such as Indian Oil, Bharat Petroleum and Hindustan Petroleum determine petrol and diesel prices. This is done on a daily basis, and rates are determined in accordance with the price of crude oil throughout the world.

Crude Oil Prices

On Friday, Oil prices settled more than 2% lower on Friday as supply concerns driven by Middle East tensions eased, while jobs data raised expectations the U.S. Federal Reserve could be done hiking interest rates in the biggest oil consuming economy.

Brent crude futures were down $1.92, or 2.3%, to $84.89 a barrel. U.S. West Texas Intermediate crude futures fell $1.95, or 2.4%, to $80.51 a barrel.

Both benchmarks settled down more than 6% on the week.

Why do fuel prices vary across states?

The rates for each day, whether new or unchanged, are announced at 6 am on the day. These, however, vary from state to state; this is due to criteria such as Value Added Tax (VAT), freight charges, local taxes, etc.
Petrol, and Diesel prices in Chennai, Kolkata, Bengaluru, Lucknow, Noida, and Gurugram on November 4, 2023