Fuel charges in India: Petrol and diesel costs at present on January 23 (Representative picture)
On January 23, the value of petrol in Mumbai remained above the Rs 100 mark
Petrol, Diesel Prices Today On January 23, 2024: Every day at 6 am, petrol and diesel costs are disclosed, regardless of whether or not they’re experiencing fluctuations or stability. This routine is influenced by oil advertising corporations (OMCs) adapting costs by worldwide crude oil costs and overseas alternate charges.
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Delhi Petrol & Diesel Price
As of January 23, the price of petrol in Delhi is Rs 96.72 per litre, and diesel is priced at Rs 89.62 per litre.
Mumbai Petrol & Diesel Price
On January 23, the value of petrol in Mumbai remained above the Rs 100 mark, standing at Rs 106.31 per litre, whereas diesel was accessible at Rs 94.27 per litre.
Check metropolis-sensible petrol and diesel costs on January 23;
| City | Petrol Price (Rs/litre) | Diesel Price (Rs/litre) |
| Chennai | 102.63 | 94.24 |
| Kolkata | 106.03 | 92.76 |
| Noida | 96.65 | 89.82 |
| Lucknow | 96.47 | 89.66 |
| Bengaluru | 101.94 | 87.89 |
| Hyderabad | 109.66 | 97.82 |
| Jaipur | 108.48 | 93.72 |
| Trivandrum | 109.42 | 98.24 |
| Bhubaneswar | 103.18 | 94.75 |
In India, the pricing of petrol and diesel is decided by issues like freight fees, worth-added tax (VAT), and native taxes. As a outcome, the charges fluctuate from state to state.
The gasoline charges have remained unchanged since May 2022, when the central authorities and several other states minimize gasoline taxes.
OMCs change gasoline retail costs each day at 6 am by the value of crude oil all through the world. Through excise tax, base pricing, and worth caps, the federal government controls gasoline costs.
Factors Affecting Petrol And Diesel Prices In IndiaÂ
Crude oil worth:Â Crude oil is the principle uncooked materials used to provide petrol and diesel, so its worth has a direct impression on the ultimate value of those fuels.
The alternate fee between the Indian rupee and the US greenback:Â India imports most of its crude oil, so the alternate fee between the Indian rupee and the US greenback additionally impacts the value of petrol and diesel.
Tax: The central and state governments levy a number of taxes on petrol and diesel. These taxes can fluctuate from state to state, and so they can have a major impression on the ultimate worth of petrol and diesel.
The value of refining: The value of refining crude oil into petrol and diesel additionally impacts the ultimate worth of those fuels. The refining course of will be costly, and the price of refining can fluctuate relying on a number of elements, reminiscent of the kind of crude oil used and the effectivity of the refinery.
The demand for petrol and diesel:Â The demand for petrol and diesel can even have an effect on their costs. If demand for these fuels will increase, it could possibly result in larger costs.
