Petrol, and Diesel costs on March 4
Petrol, and Diesel costs in Chennai, Kolkata, Bengaluru, Lucknow, Noida, and Gurugram on March 4, 2023
Petrol, Diesel Prices Today On March 4, 2024: Crude oil costs are rising within the worldwide market. At round 6 am on Monday morning, WTI crude is being bought at $ 80.19 per barrel. At the identical time, Brent crude is buying and selling at $ 83.83 per barrel. Oil advertising corporations within the nation have launched the newest charges of petrol and diesel. In India, gasoline costs are revised each morning at 6 am. Before June 2017, worth revision was achieved each 15 days.
In India, the pricing of petrol and diesel is topic to influences like freight costs, worth-added tax (VAT), and native taxes, leading to completely different charges throughout states.
Petrol Diesel Price Today Rate Changes
In Maharashtra, the worth of petrol has elevated by 96 paise and that of diesel by 92 paise. In Uttar Pradesh, petrol has turn into costlier by 67 paise and diesel by 65 paise. Apart from this, the worth of petrol and diesel is rising in Rajasthan, Madhya Pradesh, Chhattisgarh and Himachal Pradesh. On the opposite hand, in Bihar petrol has turn into cheaper by 28 paise and diesel by 26 paise. There is a decline within the costs of petrol and diesel in Andhra Pradesh, Telangana, Tamil Nadu and Odisha.
Petrol Diesel Price Today In India (Check metropolis-clever price checklist beneath)
Mumbai Petrol & Diesel Price
As of March 4, 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 4, the price of diesel is priced at Rs 89.62 per litre.
Delhi Petrol Price Today
As of March 4, the price of petrol in Delhi is Rs 96.72 per litre.
Check metropolis-clever petrol and diesel costs on March 4:
| 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, gasoline costs have remained regular since May 2022, following a discount in gasoline taxes by the central authorities and several other states.
Fuel retail costs are adjusted by OMCs day by day at 6 am based mostly on the worldwide worth of crude oil. The authorities oversees gasoline costs by way of mechanisms similar to excise tax, base pricing, and worth caps.
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 instantly influences the last word value of those fuels.
The change price 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 price 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 could differ throughout states, exerting a notable affect on the last word costs of petrol and diesel.
The value of refining:
The closing worth of petrol and diesel is moreover influenced by the bills incurred in refining crude oil into these fuels. The refining course of will be pricey, and the refining bills could 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 may also have an effect on their costs. If demand for these fuels will increase, it might result in greater costs.
