Petrol, and Diesel costs on March 31.
Petrol and diesel costs in Delhi, Mumbai, Chennai, Kolkata, Bengaluru, Lucknow, Noida, and Gurugram on March 31, 2023
Petrol, Diesel Prices Today On March 31, 2024: Every morning at 6 am, the charges for petrol and diesel are disclosed, no matter whether or not they endure fluctuations or stay secure. This constant occasion is orchestrated by oil advertising and marketing corporations (OMCs) as they alter costs to shifts in international crude oil costs and international trade charges. This course of ensures that customers keep knowledgeable in regards to the day by day changes in gasoline 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 beneath)
Mumbai Petrol & Diesel Price
As of March 31, the worth of petrol in Mumbai continued to exceed the Rs 100 mark, reaching Rs 104.21 per litre, whereas diesel was priced at Rs 92.15 per litre.
Delhi Diesel Price Today
As of March 31, the price of diesel is priced at Rs 87.62 per litre.
Delhi Petrol Price Today
As of March 31, the price of petrol in Delhi is Rs 94.72 per litre.
Check metropolis-clever petrol and diesel costs on March 31:
| City | Petrol Price (Rs/litre) | Diesel Price (Rs/litre) |
| Chennai | 100.75 | 92.34 |
| Kolkata | 103.94 | 90.76 |
| Noida | 94.83 | 87.96 |
| Lucknow | 94.65 | 87.76 |
| Bengaluru | 99.84 | 85.93 |
| Hyderabad | 107.41 | 95.65 |
| Jaipur | 104.88 | 90.36 |
| Trivandrum | 107.56 | 96.43 |
| Bhubaneswar | 101.06 | 92.64 |
Recently, the federal government decreased the petrol and diesel costs by Rs 2 per litre throughout India. Before that, the gasoline costs have been regular since May 2022.
Fuel retail costs are adjusted by OMCs day by day at 6 am primarily based on the worldwide worth of crude oil. The authorities oversees gasoline costs by mechanisms resembling excise tax, base pricing, and worth caps.
Latest Crude Oil Prices
Oil costs jumped greater than $1 a barrel on Thursday, closing out the month increased on the prospect of OPEC+ staying the course on manufacturing cuts, ongoing assaults on Russia’s vitality infrastructure and a falling U.S. rig rely tightening crude provides, in line with Reuters.
Brent crude futures for May settled at $87.48 a barrel, its highest stage since Oct. 27, after gaining $1.39, or 1.6%. The extra actively traded June contract settled at $87 a barrel, rising $1.58, with the May contract expiring on Thursday.
Factors Affecting Petrol And Diesel Prices In IndiaÂ
Crude oil worth: The main 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 trade charge between the Indian rupee and the US greenback: As a significant importer of crude oil, India’s petrol and diesel costs are additionally influenced by the trade 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 remaining 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 primarily based 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 may also have an effect on their costs. If demand for these fuels will increase, it might result in increased costs.
