Fuel Prices Today: Which State Offers the Cheapest Petrol and Diesel on December 15? Daily Updates Ahead

As of December 15, 2024, the petrol price in Delhi is ₹94.77 per litre. The price reflects an increase of ₹0.05 compared to the previous day, following the trend of daily revisions based on international crude oil rates and other factors. Diesel prices in Delhi remain at ₹87.67 per litre. These rates are inclusive of state taxes and are reviewed daily by state-owned oil marketing companies like Indian Oil, Bharat Petroleum, and Hindustan Petroleum. Fuel prices in India are influenced by global crude oil prices, the exchange rate of the Indian Rupee against the US Dollar, central excise duties, and state-level Value Added Tax (VAT). Delhi’s relatively lower VAT rate on petrol compared to other major cities ensures competitive pricing. For context, petrol prices in other metros are higher, such as ₹103.50 in Mumbai and ₹100.80 in Chennai. These price changes directly impact the cost of transportation and goods, playing a significant role in inflation. With fuel remaining outside the GST framework, state-level taxation differences persist, influencing regional price variations.