(*2*)Fuel charges in India: Petrol and diesel costs as we speak on March 2. (Representative picture)
Petrol & Diesel Price In India: Check metropolis-clever petrol and diesel costs
Petrol, Diesel Prices Today On March 2, 2024: Every morning at 6 am, the costs of petrol and diesel are disclosed, no matter whether or not they fluctuate or stay fixed. This routine is overseen by oil advertising corporations (OMCs), which modify costs based on shifts in world crude oil costs and overseas change charges. This course of ensures that buyers keep knowledgeable in regards to the day by day modifications in gas prices.
In India, the pricing of petrol and diesel is topic to influences like freight expenses, worth-added tax (VAT), and native taxes, leading to completely different charges throughout states.
Petrol Diesel Price Today In India (Check metropolis-clever charge checklist under)
Delhi Diesel Price Today
As of March 2, the price of diesel is priced at Rs 89.62 per litre.
Delhi Petrol Price Today
As of March 2, the price of petrol in Delhi is Rs 96.72 per litre.
Mumbai Petrol & Diesel Price
Mumbai Petrol Price Today
As of March 2, the worth of petrol in Mumbai continued to exceed the Rs 100 mark, reaching Rs 106.31 per litre
Diesel Price In Mumbai Today
As of March 2, the worth of diesel in Mumbai is Rs 94.27 per litre.
Check metropolis-clever petrol and diesel costs on March 2;
| 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 several other states.
Fuel retail costs are adjusted by OMCs day by day at 6 am primarily based on the worldwide value of crude oil. The authorities oversees gas costs via mechanisms corresponding 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 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 ultimate value of petrol and diesel is moreover influenced by the bills incurred in refining crude oil into these fuels. The refining course of might be expensive, 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 actually result in increased costs.
