Last Updated: February 29, 2024, 07:54 IST
Petrol, and Diesel costs on February 29
Petrol, and Diesel costs in Chennai, Kolkata, Bengaluru, Lucknow, Noida, and Gurugram on February 29, 2023
Petrol, Diesel Prices Today On February 29, 2024: There is a slight decline within the costs of crude oil within the worldwide market. Today at 6 am, Brent crude is buying and selling at $ 82.07 per barrel. At the identical time, crude is flat on the worth of $ 78.54 per barrel. Meanwhile, oil advertising and marketing firms 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 accomplished each 15 days.
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
In the nation, costs of petrol and diesel have fallen solely in Kerala and Haryana, whereas costs have elevated in Uttar Pradesh. Apart from this, there isn’t any change in gasoline costs in different states.
- Â In Noida, petrol has develop into Rs 96.64 and diesel Rs 89.82 per litre.
- In Ghaziabad the value of diesel has develop into Rs 96.58 per liter and diesel has develop into Rs 89.75 per liter.
- In Lucknow, petrol has develop into Rs 96.47 and diesel Rs 89.66 per litre.
- In Patna, petrol has develop into Rs 107.24 and diesel Rs 94.04 per litre.
Petrol Diesel Price Today In India (Check metropolis-sensible price checklist beneath)
Mumbai Petrol & Diesel Price
As of February 29, the value 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 29, the price of diesel is priced at Rs 89.62 per litre.
Delhi Petrol Price Today
As of February 29, the price of petrol in Delhi is Rs 96.72 per litre.
Check metropolis-sensible petrol and diesel costs on February 29:
| 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 mechanisms comparable 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 straight influences the final word value of those fuels.
The change 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 change 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 value of refining:
The last worth of petrol and diesel is moreover influenced by the bills incurred in refining crude oil into these fuels. The refining course of will be pricey, 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 may also have an effect on their costs. If demand for these fuels will increase, it could result in larger costs.
