Fuel charges in India: Petrol and diesel costs immediately on February 12. (Representative picture)
Petrol Diesel Price Today: Check metropolis-smart petrol and diesel costs on February 12 right here
Petrol, Diesel Prices Today On February 12, 2024: There is a slight decline within the costs of crude oil within the worldwide market. At round 7 am on Monday morning, WTI crude is being bought at $ 76.38 per barrel. At the identical time, Brent crude is buying and selling at $ 81.76 per barrel. Oil advertising corporations within the nation have launched the newest charges of petrol and diesel. In India, gasoline costs are revised each morning at 6 am. Before June 2017, worth revision was carried out each 15 days.
In India, the pricing of petrol and diesel is topic to influences like freight expenses, worth-added tax (VAT), and native taxes, leading to totally different charges throughout states.
Petrol Diesel Price Today Rate Changes
In Maharashtra, petrol has change into cheaper by 25 paise and diesel by 24 paise. Petrol has change into cheaper by 21 paise and diesel by 20 paise in Rajasthan. Apart from this, oil has additionally change into cheaper in Odisha, Telangana, Himachal Pradesh and Kerala. On the opposite hand, in Haryana petrol has change into costlier by 18 paise and diesel by 17 paise. A slight improve within the costs of petrol and diesel can also be seen in Gujarat, Karnataka, UP and West Bengal.
Petrol Diesel Price Today In India (Check metropolis-smart fee record under)
Mumbai Petrol & Diesel Price
As of February 12, 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 12, the price of diesel is priced at Rs 89.62 per litre.
Delhi Petrol Price Today
As of February 12, the price of petrol in Delhi is Rs 96.72 per litre.
Check metropolis-smart petrol and diesel costs on February 12:
| 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 several other states.
Fuel retail costs are adjusted by OMCs each day at 6 am primarily based on the worldwide worth of crude oil. The authorities oversees gasoline costs by means of mechanisms equivalent to excise tax, base pricing, and worth caps.
Factors Affecting Petrol And Diesel Prices In IndiaÂ
Crude oil worth: The major uncooked materials for the manufacturing of petrol and diesel is crude oil, and as such, its worth immediately influences the last word price of those fuels.
The trade 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 trade 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 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 primarily based 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 also can have an effect on their costs. If demand for these fuels will increase, it will probably result in larger costs.
