Last Updated: February 28, 2024, 08:14 IST
Petrol, Diesel Prices on February 28
Petrol, and Diesel costs in Chennai, Kolkata, Bengaluru, Lucknow, Noida, and Gurugram on February 28, 2023
Petrol, Diesel Prices Today On February 28, 2024: After the rise in crude oil costs within the worldwide market, there’s a slight weak point. At 6 am on Wednesday, Brent crude is being bought at $ 83.33 per barrel. Meanwhile, oil advertising firms within the nation have launched the most recent charges of petrol and diesel. In India, gas costs are revised each morning at 6 am. Before June 2017, value revision was performed 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
The costs of petrol and diesel have come down in some states together with Assam, Chhattisgarh, Bihar and Jharkhand. At the identical time, gas costs have elevated in Karnataka, Madhya Pradesh, Odisha, Punjab and Andhra Pradesh.
- Â In Noida, petrol has grow to be Rs 96.64 and diesel Rs 89.82 per litre.
- In Ghaziabad the worth of diesel has grow to be Rs 96.58 per liter and diesel has grow to be Rs 89.75 per liter.
- In Lucknow, petrol has grow to be Rs 96.47 and diesel Rs 89.66 per litre.
- In Patna, petrol has grow to be Rs 107.24 and diesel Rs 94.04 per litre.
Petrol Diesel Price Today In India (Check metropolis-sensible fee checklist under)
Mumbai Petrol & Diesel Price
As of February 28, 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 28, the price of diesel is priced at Rs 89.62 per litre.
Delhi Petrol Price Today
As of February 28, the price of petrol in Delhi is Rs 96.72 per litre.
Check metropolis-sensible petrol and diesel costs on February 28:
| 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 a number of other states.
Fuel retail costs are adjusted by OMCs every day at 6 am primarily based on the worldwide value of crude oil. The authorities oversees gas costs via mechanisms comparable 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 instantly influences the final 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 could differ throughout states, exerting a notable affect on the final word costs of petrol and diesel.
The price of refining:
The remaining value of petrol and diesel is moreover influenced by the bills incurred in refining crude oil into these fuels. The refining course of could be expensive, and the refining bills could 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 could result in larger costs.
