Petrol, and Diesel costs on March 31.
Petrol and diesel costs in Delhi, Mumbai, Chennai, Kolkata, Bengaluru, Lucknow, Noida, and Gurugram on March 31, 2023
Petrol, Diesel Costs Immediately On March 31, 2024: Each morning at 6 am, the charges for petrol and diesel are disclosed, no matter whether or not they endure fluctuations or stay steady. This constant occasion is orchestrated by oil advertising corporations (OMCs) as they alter costs to shifts in world crude oil costs and international change charges. This course of ensures that buyers keep knowledgeable concerning the every day changes in gas prices.
In India, the pricing of petrol and diesel is topic to influences like freight costs, value-added tax (VAT), and native taxes, leading to completely different charges throughout states.
Petrol Diesel Value Immediately In India (Verify city-wise price listing under)
Mumbai Petrol & Diesel Value
As of March 31, the worth of petrol in Mumbai continued to exceed the Rs 100 mark, reaching Rs 104.21 per litre, whereas diesel was priced at Rs 92.15 per litre.
Delhi Diesel Value Immediately
As of March 31, the price of diesel is priced at Rs 87.62 per litre.
Delhi Petrol Value Immediately
As of March 31, the price of petrol in Delhi is Rs 94.72 per litre.
Verify city-wise petrol and diesel costs on March 31:
| Metropolis | Petrol Value (Rs/litre) | Diesel Value (Rs/litre) |
| Chennai | 100.75 | 92.34 |
| Kolkata | 103.94 | 90.76 |
| Noida | 94.83 | 87.96 |
| Lucknow | 94.65 | 87.76 |
| Bengaluru | 99.84 | 85.93 |
| Hyderabad | 107.41 | 95.65 |
| Jaipur | 104.88 | 90.36 |
| Trivandrum | 107.56 | 96.43 |
| Bhubaneswar | 101.06 | 92.64 |
Just lately, the federal government lowered the petrol and diesel costs by Rs 2 per litre throughout India. Earlier than that, the gas costs have been regular since Could 2022.
Gas retail costs are adjusted by OMCs every day at 6 am based mostly on the worldwide worth of crude oil. The federal government oversees gas costs by way of mechanisms resembling excise tax, base pricing, and worth caps.
Newest Crude Oil Costs
Oil costs jumped greater than $1 a barrel on Thursday, closing out the month greater on the prospect of OPEC+ staying the course on manufacturing cuts, ongoing assaults on Russia’s vitality infrastructure and a falling U.S. rig depend tightening crude provides, in accordance with Reuters.
Brent crude futures for Could settled at $87.48 a barrel, its highest degree since Oct. 27, after gaining $1.39, or 1.6%. The extra actively traded June contract settled at $87 a barrel, rising $1.58, with the Could contract expiring on Thursday.
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 last word value of those fuels.
The change price 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 price between the Indian rupee and the US greenback.
Tax: Varied 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 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 might be expensive, and the refining bills might 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 may also have an effect on their costs. If demand for these fuels will increase, it will probably result in greater costs.
