Petrol, Diesel Prices Cut Today On March 15, 2024: In an enormous aid to widespread individuals, the Central authorities has slashed petrol, and diesel costs throughout the nation forward of the Lok Sabha Elections 2024. The Union Ministry of Petroleum and Natural Gas introduced the worth reduce determination on March 14 by way of social media platform X (previously often known as Twitter). It mentioned that OMCs have knowledgeable the ministry of the revision in costs throughout the nation.
This is the primary time since May 2022 that petrol and diesel costs have been decreased within the nation. Meanwhile, oil advertising and marketing firms within the nation have launched the most recent charges for 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 costs, worth-added tax (VAT), and native taxes, leading to totally different charges throughout states.
Petrol Diesel Price Today Rate Changes
In Maharashtra, the worth of petrol has fallen by 42 paise and that of diesel by 40 paise. Petrol and diesel have grow to be cheaper by 21 paise in Uttar Pradesh. Today petrol and diesel have grow to be cheaper by 17 paise in Rajasthan. In Bihar, the worth of petrol and diesel has elevated by 19 paise and 18 paise respectively. In Madhya Pradesh, petrol turned costlier by 11 paise and diesel by 10 paise on Thursday. Apart from this, petrol has grow to be cheaper by 50 paise and diesel by 49 paise in Chhattisgarh. The charges of petrol and diesel have been decreased in Himachal Pradesh. At the identical time, the costs of petrol and diesel have additionally elevated in Andhra Pradesh.
Petrol Diesel Price Today In India (Check metropolis-sensible charge checklist beneath)
Petrol-Diesel costs in metros (Petrol Diesel Prices)
After this reduce, the worth of petrol within the nationwide capital (Petrol Price Today in Delhi) is now Rs 94.72 per liter, which was earlier Rs 96.72 per liter. Whereas diesel (Diesel Price In Delhi) is Rs 87.62 per liter, which was earlier Rs 89.62 per liter. Today petrol has grow to be Rs 104.21 per liter in Mumbai, Rs 103.94 in Kolkata and Rs 100.75 per liter in Chennai. Whereas the worth of diesel has grow to be Rs 92.15 per liter in Mumbai, Rs 90.76 in Kolkata and Rs 92.34 per liter in Chennai.
Rajasthan Govt Reduces VAT
On Thursday, Rajasthan Chief Minister Bhajan Lal Sharma additionally introduced a 2% discount within the VAT charge on petrol and diesel within the state, ranging from Friday. Sharma said that this VAT reduce would offer aid starting from Rs 1.40 to Rs 5.30 on petrol and from Rs 1.34 to Rs 4.85 on diesel for consumers. Currently, the Rajasthan authorities imposes a VAT of 31.04% on petrol and 19.30% on diesel
Check metropolis-sensible petrol and diesel costs on March 15:
| City | Petrol Price (Rs/litre) | Diesel Price (Rs/litre) |
| Chennai | 100.75 | 92.24 |
| Kolkata | 103.94 | 90.76 |
| Noida | 94.79 | 87.96 |
| Lucknow | 94.57 | 87.76 |
| Bengaluru | 99.94 | 85.89 |
| Hyderabad | 107.66 | 95.82 |
| Jaipur | 106.48 | 91.72 |
| Trivandrum | 107.73 | 96.53 |
| Bhubaneswar | 101.19 | 92.75 |
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 primarily based on the worldwide value of crude oil. The authorities oversees gasoline costs by mechanisms similar to excise tax, base pricing, and value caps.
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 straight influences the final word price of those fuels.
The alternate charge 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 charge 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 might differ throughout states, exerting a notable affect on the final word costs of petrol and diesel.
The price 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 will be pricey, and the refining bills might fluctuate primarily based 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 have an effect on their costs. If demand for these fuels will increase, it might result in greater costs.
