Last Updated: (*22*)February 22, 2024, 07:58 IST
Fuel charges in India: Petrol and diesel costs at this time on February 22. (Representative picture)
Petrol, and Diesel costs in Chennai, Kolkata, Bengaluru, Lucknow, Noida, and Gurugram on February 22, 2023
Petrol, Diesel Prices Today On February 22, 2024: Government oil corporations have launched the retail costs of petrol and diesel on Thursday morning. Even at this time, modifications in oil costs are seen in lots of cities. While oil costs have declined for the second consecutive day in Bihar, they’ve develop into cheaper in some cities of Uttar Pradesh and are displaying an increase in costs at some locations. Meanwhile, the worth of crude within the international market has additionally crossed $ 83 per barrel.
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
According to authorities oil corporations, at this time petrol in Noida grew to become costlier by 6 paise to Rs 96.65 per litre. Here diesel additionally elevated by 6 paise and is being bought at Rs 89.82 per litre. In Uttar Pradesh’s capital Lucknow, petrol has develop into cheaper by 10 paise to Rs 96.47 per liter and diesel has fallen by 10 paise to Rs 89.66 per litre. Apart from this, in Patna, the capital of Bihar, petrol has develop into cheaper by 35 paise and has reached Rs 107.24 per litre, whereas diesel is being bought at Rs 94.04 per liter with a fall of 32 paise.
Petrol Diesel Price Today In India (Check metropolis-sensible charge checklist under)
Mumbai Petrol & Diesel Price
As of February 22, 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 22, the price of diesel is priced at Rs 89.62 per litre.
Delhi Petrol Price Today
As of February 22, the price of petrol in Delhi is Rs 96.72 per litre.
Check metropolis-sensible petrol and diesel costs on February 22:
| 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, 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 day by day at 6 am based mostly on the worldwide value of crude oil. The authorities oversees gas costs by way of mechanisms corresponding 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 value of those fuels.
The change 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 change 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 could differ throughout states, exerting a notable affect on the final word costs of petrol and diesel.
The value of refining:
The ultimate 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 expensive, and the refining bills could fluctuate based mostly 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 may result in larger costs.
