Petrol, and Diesel costs on March 22
Petrol, and Diesel costs in Chennai, Kolkata, Bengaluru, Lucknow, Noida, and Gurugram on March 22, 2023
Petrol and Diesel Prices Today On March 22, 2024: In the worldwide market, at round 6 am on Friday, WTI crude was buying and selling at $ 80.68 per barrel with a drop of 0.48%, whereas Brent crude was buying and selling at $ 85.38 per barrel with a drop of 0.47%. Today, i.e. on March 22, there was no change within the costs of petrol and diesel within the nation.
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.
Check metropolis-clever petrol and diesel costs on March 22:
| City | Petrol | Diesel |
| Noida | Rs 94.66 | Rs 87.76 |
| Gurugram | Rs 94.98 | Rs 87.85 |
| Lucknow | Rs 94.79 | Rs 87.92 |
| Chandigarh | Rs 94.24 | Rs 82.40 |
| Jaipur | Rs 104.88 | Rs 90.36 |
| Patna | Rs 105.53 | Rs 92.37 |
| Hyderabad | Rs 107.41 | Rs 95.65 |
| Bengaluru | Rs 99.84 | Rs 85.92 |
Petrol-diesel costs in metros (Petrol Diesel Prices)
After this minimize, 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 change into 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 change into 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 minimize 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
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 equivalent 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 immediately influences the last word price of those fuels.
The trade 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 trade 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 might differ throughout states, exerting a notable affect on the last word costs of petrol and diesel.
The price 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 can even have an effect on their costs. If demand for these fuels will increase, it will probably result in larger costs.
