Fuel charges in India: Petrol and diesel costs at the moment on February 8. (Representative picture)
Petrol, Diesel Prices Today On February 08, 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 incidence is managed by oil advertising and marketing firms (OMCs), who align costs with modifications in world crude oil costs and international change charges. This mechanism ensures that buyers are stored 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-sensible charge listing under)
Mumbai Petrol & Diesel Price
Mumbai Petrol Price Today
As of February 08, 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 08, the value of diesel in Mumbai is Rs 94.27 per litre.
Delhi Diesel Price Today
As of February 08, the price of diesel is priced at Rs 89.62 per litre.
Delhi Petrol Price Today
As of February 08, the price of petrol in Delhi is Rs 96.72 per litre.
Check metropolis-sensible petrol and diesel costs on February 08;
| 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 a number of other states.
Fuel retail costs are adjusted by OMCs each 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 main uncooked materials for the manufacturing of petrol and diesel is crude oil, and as such, its value immediately influences the last word price 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 might differ throughout states, exerting a notable affect on the last word costs of petrol and diesel.
The price of refining:
The closing 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 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 can even have an effect on their costs. If demand for these fuels will increase, it will possibly result in larger costs.
