Petrol, Diesel costs on March 1
Petrol, and Diesel costs in Chennai, Kolkata, Bengaluru, Lucknow, Noida, and Gurugram on February 29, 2023
Petrol, Diesel Prices Today On March 1, 2024: There is once more a slight improve 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. Meanwhile, oil advertising and marketing corporations within the nation have launched the most recent charges of petrol and diesel. In India, gasoline costs are revised each morning at 6 am. Before June 2017, value revision was finished each 15 days.
In India, the pricing of petrol and diesel is topic to influences like freight prices, worth-added tax (VAT), and native taxes, leading to totally different charges throughout states.
Petrol Diesel Price Today Rate Changes
Petrol and diesel costs have elevated in some states together with Andhra Pradesh, Assam, Bihar and Chhattisgarh, whereas gasoline costs have decreased in Himachal Pradesh, Jharkhand, Karnataka and Telangana.
- Â In Noida, petrol has develop into Rs 96.64 and diesel Rs 89.82 per litre.
- In Ghaziabad the value of diesel has develop into Rs 96.58 per liter and diesel has develop into Rs 89.75 per liter.
- In Lucknow, petrol has develop into Rs 96.47 and diesel Rs 89.66 per litre.
- In Patna, petrol has develop into Rs 107.24 and diesel Rs 94.04 per litre.
Petrol Diesel Price Today In India (Check metropolis-smart fee listing beneath)
Mumbai Petrol & Diesel Price
As of March 1, the value 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 March 1, the price of diesel is priced at Rs 89.62 per litre.
Delhi Petrol Price Today
As of March 1, the price of petrol in Delhi is Rs 96.72 per litre.
Check metropolis-smart petrol and diesel costs on March 1:
| 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 resembling excise tax, base pricing, and value caps.
Factors Affecting Petrol And Diesel Prices In IndiaÂ
Crude oil value: The main 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 change fee 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 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 may be expensive, 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:Â The demand for petrol and diesel may have an effect on their costs. If demand for these fuels will increase, it could possibly result in larger costs.
