Business
Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On November 16
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On November 16, 2025, OMCs updated petrol and diesel prices across cities like New Delhi, Mumbai, Hyderabad, etc.
Petrol, Diesel Prices On November 16
Petrol and Diesel Prices on November 16, 2025: OMCs update petrol and diesel prices daily at 6 AM, aligning them with fluctuations in global crude oil prices and currency exchange rates. This daily revision promotes transparency and ensures consumers have access to the most up-to-date and accurate fuel prices.
Petrol Diesel Price Today In India
Check city-wise petrol and diesel prices on November 16:
| City | Petrol (₹/L) | Diesel (₹/L) |
|---|---|---|
| New Delhi | 94.72 | 87.62 |
| Mumbai | 104.21 | 92.15 |
| Kolkata | 103.94 | 90.76 |
| Chennai | 100.75 | 92.34 |
| Ahmedabad | 94.49 | 90.17 |
| Bengaluru | 102.92 | 89.02 |
| Hyderabad | 107.46 | 95.70 |
| Jaipur | 104.72 | 90.21 |
| Lucknow | 94.69 | 87.80 |
| Pune | 104.04 | 90.57 |
| Chandigarh | 94.30 | 82.45 |
| Indore | 106.48 | 91.88 |
| Patna | 105.58 | 93.80 |
| Surat | 95.00 | 89.00 |
| Nashik | 95.50 | 89.50 |
Key Factors Behind Petrol and Diesel Rates
Petrol and diesel prices in India have remained unchanged since May 2022, following tax reductions by the central and several state governments.
Oil Marketing Companies (OMCs) update fuel prices daily at 6 am, adjusting for fluctuations in global crude oil markets. While these rates are technically market-linked, they are also influenced by regulatory measures such as excise duties, base pricing frameworks, and informal price caps.
Key Factors Influencing Fuel Prices in India
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Crude Oil Prices: Global crude oil prices are a primary driver of fuel prices, as crude is the main input in petrol and diesel production.
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Exchange Rate: Since India relies heavily on crude oil imports, the value of the Indian rupee against the US dollar significantly affects fuel costs. A weaker rupee typically translates to higher prices.
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Taxes: Central and state-level taxes constitute a major portion of retail fuel prices. Tax rates vary across states, leading to regional price differences.
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Refining Costs: The cost of processing crude oil into usable fuel impacts retail prices. These costs can fluctuate depending on crude quality and refinery efficiency.
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Demand-Supply Dynamics: Market demand also influences fuel pricing. Higher demand can push prices up as supply adjusts to consumption trends.
How to Check Petrol and Diesel Prices via SMS
You can easily check the latest petrol and diesel prices in your city through SMS. For Indian Oil customers, text the city code followed by “RSP” to 9224992249. BPCL customers can send “RSP” to 9223112222, and HPCL customers can text “HP Price” to 9222201122 to receive the current fuel prices.
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al…Read More
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al… Read More
November 16, 2025, 08:30 IST
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Business
Gold price prediction: What’s the gold rate outlook for February 27, 2026 & should you buy on dips? – The Times of India
Gold price prediction today: Gold rates are showing a positive bias, says Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities. Here is his detailed analysis on the intraday trading outlook:Gold April futures on MCX are trading near ₹1,60,100 after witnessing a sharp rebound from intraday lows around ₹1,58,500. The recovery indicates short-covering and fresh buying interest emerging near lower levels. The short-term structure now suggests a continuation bounce, provided key support holds.
Gold Technical Setup:
EMA 8 & EMA 21:Price has reclaimed the short-term EMA cluster after a strong rebound. The 8 EMA is turning upward and attempting to cross above the 21 EMA, indicating improving intraday momentum. Sustaining above ₹1,60,000 strengthens the bullish setup.Price Structure:The chart reflects a V-shaped recovery from lower levels with higher lows forming on the 30-minute timeframe. This suggests that buyers are defending dips aggressively.RSI Indicator:RSI is near 57, comfortably above the neutral 50 level, signaling strengthening bullish momentum without entering overbought territory.MACD:MACD has turned positive with a bullish crossover and expanding green histogram bars, confirming recovery momentum.Volume & Open Interest:Rising price with stabilizing open interest suggests short-covering support, adding strength to the rebound.
Gold Intraday Trading View:
• Strategy: Buy on dips • Entry Level: ₹1,60,100 • Stop-Loss: Below ₹1,59,400 • Targets: ₹1,60,600 and ₹1,61,000 • Bias: Bullish above ₹1,60,000; weakness resumes only below ₹1,59,400.Gold’s intraday technical structure has shifted positive after reclaiming key resistance levels and forming a strong recovery pattern. Momentum indicators support further upside extension toward ₹1,60,600 and ₹1,61,000. Traders are advised to initiate long positions near ₹1,60,100, maintain a strict stop-loss below ₹1,59,400, and look for continuation gains during the session.Bias: Buy on Dips | Support: ₹1,60,100 | Target: ₹1,60,600 / ₹1,61,000(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)
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