On 16 March 2023, petrol and diesel prices in India remained stable. In major cities, the petrol price in Delhi was Rs. 96.72 per litre and the diesel price was Rs. 89.62 per litre. In Hyderabad, the petrol price was Rs. 109.66 per litre and the diesel price was Rs. 97.82 per litre. Chennai had a petrol price of Rs. 102.65 per litre and a diesel price of Rs. 94.24 per litre.
Mumbai’s petrol price was Rs. 106.31 per litre and the diesel price was Rs. 97,28 per litre. Bangalore had petrol prices at Rs. 101.94 per litre while diesel prices remained at Rs. 87.89 per litre.
India relies heavily on crude oil imports for petrol and diesel, which means that crude prices have a significant impact on fuel rates. However, other factors such as rising demand, government taxes, rupee-dollar depreciation, and refinery concept ratio also affect domestic fuel prices.
It is important to note that fuel prices are subject to change at any time as petroleum companies such as Bharat Petroleum Corporation Ltd (BPCL), Hindustan Petroleum Corporation Ltd (HPCL), and Indian Oil Corporation Ltd (IOCL) adjust fuel prices based on crude oil prices.
The table below shows the petrol and diesel prices in major cities as of 6 am on 16 March 2023:
City Petrol Price per Litre Diesel Price per Litre
Hyderabad Rs. 109.67 Rs. 97.82
Delhi Rs. 96.72 Rs. 89.62
Chennai Rs. 102.63 Rs. 94.24
Mumbai Rs. 106.31 Rs. 97.28
Bangalore Rs. 101.94 Rs. 87.89
