Fuel charges in India: Petrol and diesel costs at this time on February 18. (Representative picture)
(*18*)
Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On February 18 – News18
Petrol, Diesel Prices Today On February 18, 2024: Every 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 and marketing corporations (OMCs) as they modify costs to shifts in international crude oil costs and overseas alternate charges. This course of ensures that customers keep knowledgeable in regards to the each day changes in gasoline prices.
In India, the pricing of petrol and diesel is topic to influences like freight costs, worth-added tax (VAT), and native taxes, leading to totally different charges throughout states.
Petrol Diesel Price Today In India (Check metropolis-sensible fee checklist under)
Mumbai Petrol & Diesel Price
As of February 18, 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 Price Today
As of February 18, the price of diesel is priced at Rs 89.62 per litre.
Delhi Petrol Price Today
As of February 18, the price of petrol in Delhi is Rs 96.72 per litre.
Check metropolis-sensible petrol and diesel costs on February 18:
| City | Petrol Price (Rs/litre) | Diesel Price (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 May 2022, following a discount in gasoline taxes by the central authorities and a number of other states.
Fuel retail costs are adjusted by OMCs each day at 6 am based mostly on the worldwide value of crude oil. The authorities oversees gasoline costs via mechanisms similar to excise tax, base pricing, and value caps.
Latest Crude Oil Prices
Crude oil costs settled greater on Friday as geopolitical tensions within the Middle East greater than offset a forecast from the International Energy Agency for slowing demand, in line with Reuters.
Brent crude futures settled up 61 cents, or 0.74 per cent at $83.47 a barrel. U.S. West Texas Intermediate crude settled $1.16, or 1.49 per cent, greater at $79.19 with the close by March contract expiring on Tuesday. The April contract rose 87 cents to $78.46.
For the week, Brent gained greater than 1 per cent and the US benchmark rose about 3 per cent.
Factors Affecting Petrol And Diesel Prices In IndiaÂ
Crude oil value: The major uncooked materials for the manufacturing of petrol and diesel is crude oil, and as such, its value instantly influences the final word value of those fuels.
The alternate 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 alternate fee between the Indian rupee and the US greenback.
Tax: Various 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 value of refining:
The closing value of petrol and diesel is moreover influenced by the bills incurred in refining crude oil into these fuels. The refining course of could be expensive, and the refining bills could fluctuate based mostly on elements like the kind of crude oil utilised and the effectivity of the refinery.
The demand for petrol and diesel:Â 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.
