Final Up to date: February 29, 2024, 07:54 IST
Petrol, and Diesel costs on February 29
Petrol, and Diesel costs in Chennai, Kolkata, Bengaluru, Lucknow, Noida, and Gurugram on February 29, 2023
Petrol, Diesel Costs In the present day On February 29, 2024: There’s a slight decline within the costs of crude oil within the worldwide market. In the present day at 6 am, Brent crude is buying and selling at $ 82.07 per barrel. On the similar time, crude is flat on the worth of $ 78.54 per barrel. In the meantime, oil advertising and marketing firms within the nation have launched the newest 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 prices, value-added tax (VAT), and native taxes, leading to completely different charges throughout states.
Petrol Diesel Value In the present day Charge Modifications
Within the nation, costs of petrol and diesel have fallen solely in Kerala and Haryana, whereas costs have elevated in Uttar Pradesh. Other than this, there is no such thing as a change in gas costs in different states.
- In Noida, petrol has turn out to be Rs 96.64 and diesel Rs 89.82 per litre.
- In Ghaziabad the worth of diesel has turn out to be Rs 96.58 per liter and diesel has turn out to be Rs 89.75 per liter.
- In Lucknow, petrol has turn out to be Rs 96.47 and diesel Rs 89.66 per litre.
- In Patna, petrol has turn out to be Rs 107.24 and diesel Rs 94.04 per litre.
Petrol Diesel Value In the present day In India (Verify city-wise charge checklist beneath)
Mumbai Petrol & Diesel Value
As of February 29, 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 In the present day
As of February 29, the price of diesel is priced at Rs 89.62 per litre.
Delhi Petrol Value In the present day
As of February 29, the price of petrol in Delhi is Rs 96.72 per litre.
Verify city-wise petrol and diesel costs on February 29:
| 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.
Gas retail costs are adjusted by OMCs each day at 6 am based mostly on the worldwide worth of crude oil. The federal government oversees gas costs by way of mechanisms comparable 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 straight influences the last word price of those fuels.
The change charge 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 charge 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 could differ throughout states, exerting a notable affect on the last 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 could be pricey, and the refining bills could fluctuate based mostly on components 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 also can have an effect on their costs. If demand for these fuels will increase, it may well result in increased costs.
