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Fuel charges in India: Petrol and diesel costs right this moment on February 16. (Representative picture)
Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On February 16 – News18
Petrol, Diesel Prices Today On February 16, 2024: Each day at 6 am, petrol and diesel costs are unveiled, regardless of whether or not they expertise fluctuations or stay regular. This common prevalence is managed by oil advertising corporations (OMCs), who align costs with modifications in world crude oil costs and international trade charges. This mechanism ensures that customers are saved abreast of the each day variations in gas bills.
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 In India (Check metropolis-smart price checklist under)
Mumbai Petrol & Diesel Price
Mumbai Petrol Price Today
As of February 16, the value of petrol in Mumbai continued to exceed the Rs 100 mark, reaching Rs 106.31 per litre
Diesel Price In Mumbai Today
As of February 16, the value of diesel in Mumbai is Rs 94.27 per litre.
Delhi Diesel Price Today
As of February 16, the price of diesel is priced at Rs 89.62 per litre.
Delhi Petrol Price Today
As of February 16, the price of petrol in Delhi is Rs 96.72 per litre.
Check metropolis-smart petrol and diesel costs on February 16;
| City | Petrol Price (Rs/litre) | Diesel Price (Rs/litre) |
| Chennai | 102.63 | 94.24 |
| Kolkata | 106.03 | 92.76 |
| Noida | 96.59 | 89.82 |
| Lucknow | 96.62 | 89.66 |
| Bengaluru | 101.94 | 87.89 |
| Hyderabad | 109.66 | 97.82 |
| Jaipur | 108.48 | 93.72 |
| Trivandrum | 109.73 | 98.24 |
| Bhubaneswar | 103.19 | 94.75 |
In India, gas costs have remained regular since May 2022, following a discount in gas 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 gas costs by way of mechanisms corresponding 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 instantly influences the final word price of those fuels.
The trade price 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 price 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 worth 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 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 also can have an effect on their costs. If demand for these fuels will increase, it may result in increased costs.
