Petrol, and Diesel costs on March 12.
Petrol, and Diesel costs in Chennai, Kolkata, Bengaluru, Lucknow, Noida, and Gurugram on March 12, 2023
Petrol, Diesel Prices Today On March 12, 2024: The impression of softening oil and fuel costs within the world market can also be seen on the home retail market. CNG grew to become cheaper within the National Capital Region on Thursday morning, whereas the costs of petrol and diesel have additionally declined. Today, oil costs have fallen in lots of cities of UP and Bihar too. Meanwhile, the worth of crude within the world market has once more fallen under $83. Meanwhile, oil advertising firms within the nation have launched the newest charges for petrol and diesel. In India, gas costs are revised each morning at 6 am. Before June 2017, worth revision was finished each 15 days.
In India, the pricing of petrol and diesel is topic to influences like freight fees, worth-added tax (VAT), and native taxes, leading to totally different charges throughout states.
Petrol Diesel Price Today Rate Changes
Today the costs of petrol and diesel have been elevated in Andhra Pradesh, Bihar, Chhattisgarh, Goa, Haryana, Himachal, Jharkhand, Odisha, Puducherry, UP and West Bengal. Whereas petrol and diesel have grow to be cheaper in Gujarat, Karnataka, Nagaland, Punjab, Rajasthan, Telangana and Uttarakhand.
Petrol Diesel Price Today In India (Check metropolis-clever charge listing under)
Mumbai Petrol & Diesel Price
As of March 12, 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 March 12, the price of diesel is priced at Rs 89.62 per litre.
Delhi Petrol Price Today
As of March 12, the price of petrol in Delhi is Rs 96.72 per litre.
Check metropolis-clever petrol and diesel costs on March 12:
| 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 each day at 6 am based mostly on the worldwide worth of crude oil. The authorities oversees gas costs by way of mechanisms resembling 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 immediately influences the final word value 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 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 may be pricey, and the refining bills might fluctuate based mostly 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 possibly result in greater costs.
