Petrol, Diesel costs on March 1
Petrol, and Diesel costs in Chennai, Kolkata, Bengaluru, Lucknow, Noida, and Gurugram on February 29, 2023
Petrol, Diesel Costs As we speak On March 1, 2024: There may be once more a slight enhance within the costs of crude oil within the worldwide market. At 6 am on Thursday, Brent crude is buying and selling at $ 82.30 per barrel. In the meantime, oil advertising firms within the nation have launched the most recent charges of petrol and diesel. In India, gas costs are revised each morning at 6 am. Earlier than June 2017, worth revision was accomplished each 15 days.
In India, the pricing of petrol and diesel is topic to influences like freight costs, value-added tax (VAT), and native taxes, leading to totally different charges throughout states.
Petrol Diesel Value As we speak Price Adjustments
Petrol and diesel costs have elevated in some states together with Andhra Pradesh, Assam, Bihar and Chhattisgarh, whereas gas costs have decreased in Himachal Pradesh, Jharkhand, Karnataka and Telangana.
- In Noida, petrol has turn into Rs 96.64 and diesel Rs 89.82 per litre.
- In Ghaziabad the worth of diesel has turn into Rs 96.58 per liter and diesel has turn into Rs 89.75 per liter.
- In Lucknow, petrol has turn into Rs 96.47 and diesel Rs 89.66 per litre.
- In Patna, petrol has turn into Rs 107.24 and diesel Rs 94.04 per litre.
Petrol Diesel Value As we speak In India (Test city-wise fee checklist under)
Mumbai Petrol & Diesel Value
As of March 1, the worth of petrol in Mumbai continued to exceed the Rs 100 mark, reaching Rs 106.31 per litre, whereas diesel was priced at Rs 94.27 per litre.
Delhi Diesel Value As we speak
As of March 1, the price of diesel is priced at Rs 89.62 per litre.
Delhi Petrol Value As we speak
As of March 1, the price of petrol in Delhi is Rs 96.72 per litre.
Test city-wise petrol and diesel costs on March 1:
| Metropolis | Petrol Value (Rs/litre) | Diesel Value (Rs/litre) |
| Chennai | 102.63 | 94.24 |
| Kolkata | 106.03 | 92.76 |
| Noida | 96.79 | 89.96 |
| Lucknow | 96.57 | 89.76 |
| Bengaluru | 101.94 | 87.89 |
| Hyderabad | 109.66 | 97.82 |
| Jaipur | 108.48 | 93.72 |
| Trivandrum | 109.73 | 98.53 |
| Bhubaneswar | 103.19 | 94.75 |
In India, gas costs have remained regular since Might 2022, following a discount in gas taxes by the central authorities and a number of other states.
Gasoline retail costs are adjusted by OMCs day by day at 6 am based mostly on the worldwide worth of crude oil. The federal government oversees gas costs by mechanisms akin to excise tax, base pricing, and worth caps.
Elements Affecting Petrol And Diesel Costs In India
Crude oil worth: The first uncooked materials for the manufacturing of petrol and diesel is crude oil, and as such, its worth immediately influences the final word price of those fuels.
The change fee between the Indian rupee and the US greenback: As a serious importer of crude oil, India’s petrol and diesel costs are additionally influenced by the change fee between the Indian rupee and the US greenback.
Tax: Numerous taxes on petrol and diesel are imposed by each the central and state governments. These taxes might differ throughout states, exerting a notable affect on the final word costs of petrol and diesel.
The price of refining:
The ultimate worth of petrol and diesel is moreover influenced by the bills incurred in refining crude oil into these fuels. The refining course of might be pricey, and the refining bills might fluctuate based mostly on elements like the kind of crude oil utilised and the effectivity of the refinery.
The demand for petrol and diesel: The demand for petrol and diesel may also have an effect on their costs. If demand for these fuels will increase, it could result in greater costs.
