Final Up to date: February 28, 2024, 08:14 IST
Petrol, Diesel Costs on February 28
Petrol, and Diesel costs in Chennai, Kolkata, Bengaluru, Lucknow, Noida, and Gurugram on February 28, 2023
Petrol, Diesel Costs Right this moment On February 28, 2024: After the rise in crude oil costs within the worldwide market, there’s a slight weak spot. At 6 am on Wednesday, Brent crude is being bought at $ 83.33 per barrel. In the meantime, oil advertising corporations within the nation have launched the newest charges of petrol and diesel. In India, gasoline costs are revised each morning at 6 am. Earlier than June 2017, worth revision was finished each 15 days.
In India, the pricing of petrol and diesel is topic to influences like freight expenses, value-added tax (VAT), and native taxes, leading to completely different charges throughout states.
Petrol Diesel Worth Right this moment Price Modifications
The costs of petrol and diesel have come down in some states together with Assam, Chhattisgarh, Bihar and Jharkhand. On the similar time, gasoline costs have elevated in Karnataka, Madhya Pradesh, Odisha, Punjab and Andhra Pradesh.
- In Noida, petrol has change into Rs 96.64 and diesel Rs 89.82 per litre.
- In Ghaziabad the worth of diesel has change into Rs 96.58 per liter and diesel has change into Rs 89.75 per liter.
- In Lucknow, petrol has change into Rs 96.47 and diesel Rs 89.66 per litre.
- In Patna, petrol has change into Rs 107.24 and diesel Rs 94.04 per litre.
Petrol Diesel Worth Right this moment In India (Examine city-wise price checklist beneath)
Mumbai Petrol & Diesel Worth
As of February 28, 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 Worth Right this moment
As of February 28, the price of diesel is priced at Rs 89.62 per litre.
Delhi Petrol Worth Right this moment
As of February 28, the price of petrol in Delhi is Rs 96.72 per litre.
Examine city-wise petrol and diesel costs on February 28:
| Metropolis | Petrol Worth (Rs/litre) | Diesel Worth (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, gasoline costs have remained regular since Could 2022, following a discount in gasoline taxes by the central authorities and several other states.
Gasoline retail costs are adjusted by OMCs day by day at 6 am primarily based on the worldwide worth of crude oil. The federal government oversees gasoline costs by mechanisms equivalent to excise tax, base pricing, and worth caps.
Components 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 final word value of those fuels.
The change price between the Indian rupee and the US greenback: As a significant importer of crude oil, India’s petrol and diesel costs are additionally influenced by the change price 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 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 could be pricey, and the refining bills could fluctuate primarily based 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 could result in greater costs.
