Last Updated: February 23, 2024, 08:09 IST
Fuel charges in India: Petrol and diesel costs right this moment on February 23. (Representative picture)
Petrol, and Diesel costs in Chennai, Kolkata, Bengaluru, Lucknow, Noida, and Gurugram on February 23, 2023
Petrol, Diesel Prices Today On February 23, 2024: There was an increase once more within the costs of crude oil within the world market right this moment and the worth of Brent crude has reached round $84. Meanwhile, there’s a change within the costs of petrol and diesel launched by the federal government oil firms on Friday morning. Oil costs fell in Bihar for the third consecutive day and right this moment a fall of as much as 56 paise is seen in lots of districts. However, there is no such thing as a change in oil costs within the 4 metros of the nation like Delhi-Mumbai.
In India, the pricing of petrol and diesel is topic to influences like freight fees, worth-added tax (VAT), and native taxes, leading to completely different charges throughout states.
Petrol Diesel Price Today Rate Changes
According to authorities oil firms, right this moment petrol in Noida grew to become cheaper by 7 paise to Rs 96.58 per litre. Here diesel additionally fell by 7 paise and is being offered at Rs 89.75 per litre. In Uttar Pradesh’s capital Lucknow, petrol has change into costlier by 10 paise to Rs 96.57 per liter and diesel by 10 paise to Rs 89.76 per litre. Apart from this, in Bhagalpur metropolis of Bihar, petrol has change into cheaper by 56 paise and is being offered at Rs 108.08 per litre, whereas diesel has fallen by 52 paise and is being offered at Rs 94.80 per litre.
Petrol Diesel Price Today In India (Check metropolis-clever price listing under)
Mumbai Petrol & Diesel Price
As of February 23, 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 23, the price of diesel is priced at Rs 89.62 per litre.
Delhi Petrol Price Today
As of February 23, the price of petrol in Delhi is Rs 96.72 per litre.
Check metropolis-clever petrol and diesel costs on February 23:
| 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 a number of other states.
Fuel retail costs are adjusted by OMCs each day at 6 am based mostly on the worldwide worth of crude oil. The authorities oversees gasoline costs by means of mechanisms similar to excise tax, base pricing, and worth caps.
Factors Affecting Petrol And Diesel Prices In IndiaÂ
Crude oil worth: The main uncooked materials for the manufacturing of petrol and diesel is crude oil, and as such, its worth straight influences the last word value of those fuels.
The trade price 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 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 last word costs of petrol and diesel.
The value 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 pricey, and the refining bills might 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 also have an effect on their costs. If demand for these fuels will increase, it could possibly result in larger costs.
