Petrol, and Diesel Prices Cut Today On March 18, 2024: On Monday, March 18, authorities oil corporations launched the newest costs of petrol and diesel. In the worldwide market, round 6 am on Monday, WTI crude is being offered at $ 81.03 per barrel with a decline of 0.01%. At the identical time, Brent crude is buying and selling at $ 85.29 per barrel with a decline of 0.06%. Let us inform you that oil corporations have diminished the worth of petrol and diesel by Rs 2 from March 15. At the identical time, petrol and diesel have turn out to be cheaper by Rs 15 in Lakshadweep. In India, the newest gasoline charges are launched each morning at 6 am, so tell us how a lot has modified within the costs of petrol and diesel.
In India, the pricing of petrol and diesel is topic to influences like freight costs, worth-added tax (VAT), and native taxes, leading to totally different charges throughout states.
Petrol Diesel Price Today Rate Changes
– Noida: Petrol Rs 94.83 per liter and diesel Rs 87.96 per liter
-Gurugram: Petrol Rs 95.19 per liter and diesel Rs 88.05 per liter.
-Bengaluru: Petrol Rs 99.84 per liter and diesel Rs 85.93 per liter.
–Chandigarh: Petrol Rs 94.24 per liter and diesel Rs 82.40 per liter.
–Hyderabad: Petrol Rs 107.41 per liter and diesel Rs 95.65 per liter.
-Jaipur: Petrol Rs 104.88 per liter and diesel Rs 90.36 per liter
-Patna: Petrol Rs 105.18 per liter and diesel Rs 92.04 per liter
–Lucknow: Petrol Rs 94.65 per liter and diesel Rs 87.76 per liter
Petrol-diesel costs in metros (Petrol Diesel Prices)
After this lower, the worth of petrol within the nationwide capital (Petrol Price Today in Delhi) is now Rs 94.72 per liter, which was earlier Rs 96.72 per liter. Whereas diesel (Diesel Price In Delhi) is Rs 87.62 per liter, which was earlier Rs 89.62 per liter. Today petrol has turn out to be Rs 104.21 per liter in Mumbai, Rs 103.94 in Kolkata and Rs 100.75 per liter in Chennai. Whereas the worth of diesel has turn out to be Rs 92.15 per liter in Mumbai, Rs 90.76 in Kolkata and Rs 92.34 per liter in Chennai.
Rajasthan Govt Reduces VAT
On Thursday, Rajasthan Chief Minister Bhajan Lal Sharma additionally introduced a 2% discount within the VAT price on petrol and diesel within the state, ranging from Friday. Sharma acknowledged that this VAT lower would supply aid starting from Rs 1.40 to Rs 5.30 on petrol and from Rs 1.34 to Rs 4.85 on diesel for consumers. Currently, the Rajasthan authorities imposes a VAT of 31.04% on petrol and 19.30% on diesel
Check metropolis-clever petrol and diesel costs on March 18:
| City | Petrol Price (Rs/litre) | Diesel Price (Rs/litre) |
| Chennai | 100.75 | 92.24 |
| Kolkata | 103.94 | 90.76 |
| Noida | 94.79 | 87.96 |
| Lucknow | 94.57 | 87.76 |
| Bengaluru | 99.94 | 85.89 |
| Hyderabad | 107.66 | 95.82 |
| Jaipur | 106.48 | 91.72 |
| Trivandrum | 107.73 | 96.53 |
| Bhubaneswar | 101.19 | 92.75 |
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 day by day at 6 am based mostly on the worldwide worth of crude oil. The authorities oversees gasoline costs by mechanisms comparable 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 immediately influences the last word price of those fuels.
The change price 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 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 price 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 might be expensive, 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 can even have an effect on their costs. If demand for these fuels will increase, it may possibly result in larger costs.
