Fuel charges in India: Petrol and diesel costs immediately on March 8. (Representative picture)
Petrol, Diesel Prices Today On March 8, 2024: Today the competition of Mahashivratri is being celebrated throughout the nation. When the federal government oil firms additionally launched the costs of petrol and diesel on Friday morning, the costs elevated in lots of cities of the nation whereas at many locations the costs have been seen softening. However, there isn’t a change within the costs of crude oil within the world market immediately.
In India, the pricing of petrol and diesel is topic to influences like freight prices, worth-added tax (VAT), and native taxes, leading to completely different charges throughout states.
Petrol Diesel Price Today Rate Changes
According to authorities oil firms, petrol in Noida turned cheaper by 5 paise for the second day immediately to Rs 96.59 per litre. Here diesel additionally fell by 6 paise and is being bought at Rs 89.76 per litre. In the neighboring district Ghaziabad, petrol has develop into cheaper by 14 paise to Rs 96.44 a liter and diesel has fallen by 13 paise to Rs 89.62 a litre. In Bihar’s capital Patna, petrol turned costlier by 29 paise immediately and is being bought at Rs 107.59 a litre, whereas diesel is being bought at Rs 94.36 a liter with a rise of 27 paise.
Petrol Diesel Price Today In India (Check metropolis-sensible charge checklist beneath)
Mumbai Petrol & Diesel Price
As of March 8, 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 8, the price of diesel is priced at Rs 89.62 per litre.
Delhi Petrol Price Today
As of March 8, the price of petrol in Delhi is Rs 96.72 per litre.
Check metropolis-sensible petrol and diesel costs on March 8:
| 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 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 gasoline costs by 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 significant 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 could differ throughout states, exerting a notable affect on the final word costs of petrol and diesel.
The value of refining:
The ultimate worth of petrol and diesel is moreover influenced by the bills incurred in refining crude oil into these fuels. The refining course of could be pricey, and the refining bills could 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 may also have an effect on their costs. If demand for these fuels will increase, it may possibly result in increased costs.
