Fuel charges in India: Petrol and diesel costs immediately on January 24 (Representative picture)
On January 24, the worth of petrol in Mumbai remained above the Rs 100 mark
Petrol, Diesel Prices Today On January 24, 2024: Every morning at 6 am, the costs of petrol and diesel are revealed, no matter whether or not they’re present process fluctuations or remaining steady. This each day incidence is pushed by oil advertising corporations (OMCs) adjusting costs based mostly on worldwide crude oil costs and overseas alternate charges.
Petrol Diesel Price News Today
Delhi Petrol & Diesel Price
As of January 24, the price of petrol in Delhi is Rs 96.72 per litre, and diesel is priced at Rs 89.62 per litre.
Mumbai Petrol & Diesel Price
On January 24, the worth of petrol in Mumbai remained above the Rs 100 mark, standing at Rs 106.31 per litre, whereas diesel was out there at Rs 94.27 per litre.
Check metropolis-sensible petrol and diesel costs on January 24;
| City | Petrol Price (Rs/litre) | Diesel Price (Rs/litre) |
| Chennai | 102.63 | 94.24 |
| Kolkata | 106.03 | 92.76 |
| Noida | 96.65 | 89.82 |
| Lucknow | 96.47 | 89.66 |
| Bengaluru | 101.94 | 87.89 |
| Hyderabad | 109.66 | 97.82 |
| Jaipur | 108.48 | 93.72 |
| Trivandrum | 109.42 | 98.24 |
| Bhubaneswar | 103.18 | 94.75 |
In India, the pricing of petrol and diesel is influenced by components similar to freight costs, worth-added tax (VAT), and native taxes, resulting in various charges from state to state.
The gasoline charges have remained unchanged since May 2022, when the central authorities and several other states minimize gasoline taxes.
OMCs change gasoline retail costs day-after-day at 6 am by the worth of crude oil all through the world. Through excise tax, base pricing, and value caps, the federal government controls gasoline costs.
Factors Affecting Petrol And Diesel Prices In IndiaÂ
Crude oil value:Â Crude oil is the principle uncooked materials used to supply petrol and diesel, so its value has a direct impression on the ultimate value of those fuels.
The alternate charge between the Indian rupee and the US greenback:Â India imports most of its crude oil, so the alternate charge between the Indian rupee and the US greenback additionally impacts the worth of petrol and diesel.
Tax: The central and state governments levy a number of taxes on petrol and diesel. These taxes can differ from state to state, they usually can have a major impression on the ultimate value of petrol and diesel.
The value of refining: The value of refining crude oil into petrol and diesel additionally impacts the ultimate value of those fuels. The refining course of will be costly, and the price of refining can differ relying on a number of components, similar to the kind of crude oil used 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 will probably result in greater costs.
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