Fuel charges in India: Petrol and diesel costs in the present day on December 2. (Representative picture)
Petrol, Diesel Prices Today, December 2, 2023: Petrol costs in India stand within the vary of Rs 96-Rs 106 throughout numerous states, whereas diesel stood between Rs 84 and Rs 94
Petrol and Diesel Prices on December 2: Although crude oil costs fell 2 per cent on Friday on investor scepticism in regards to the depth of OPEC+ provide cuts and concern about sluggish international manufacturing exercise, the petrol and diesel costs in India remained fixed. The petrol costs in India stood within the vary of Rs 96-Rs 106 throughout numerous states, whereas diesel stood between Rs 84 and Rs 94.
According to authorities oil firms, in Uttar Pradesh’s Gautam Budh Nagar district (Noida-Greater Noida), the value stood at Rs 96.79 a litre this morning, whereas diesel is being offered at Rs 89.96 a litre. In Chandigarh, the petrol and diesel costs remained the identical at Rs 96.20 and Rs 84.26 a litre, respectively.
In Lucknow, petrol costs stood at Rs 96.57 a litre and diesel at Rs 89.76. In Gurugram, the value was at Rs 97.18 a litre and that of diesel rose by 33 paise to Rs 90.05.
Currently, petrol in Delhi is being offered at Rs 96.72 a litre whereas diesel is being offered at Rs 89.62 a litre. Whereas in Mumbai, petrol is out there at Rs 106.31 and diesel at Rs 94.27 per litre. While petrol in Kolkata is Rs 106.03 and diesel is Rs 92.76 per litre. On the opposite hand, petrol is being offered at Rs 102.63 and diesel at Rs 94.24 per litre in Chennai.
In India, oil advertising and marketing firms (OMCs) corresponding to Indian Oil, Bharat Petroleum and Hindustan Petroleum decide petrol and diesel costs. This is finished each day, and charges are decided in accordance with the value of crude oil all through the world.
Crude Oil Prices
Oil costs slumped greater than 2% on Friday on investor skepticism in regards to the depth of OPEC+ provide cuts and concern about sluggish international manufacturing exercise.
Brent crude futures for February settled down $1.98, or 2.45%, at $78.88 a barrel. U.S. West Texas Intermediate crude futures (WTI) dropped $1.89, or 2.49%, to $74.07 a barrel. For the week, Brent posted a decline of about 2.1%, whereas WTI misplaced greater than 1.9%.
OPEC+ producers agreed on Thursday to take away round 2.2 million barrels per day (bpd) of oil from the worldwide market within the first quarter of subsequent 12 months, with the overall together with a rollover of Saudi Arabia and Russia’s 1.3 million bpd of present voluntary cuts.
Why do gasoline costs range throughout states?
The charges for every day, whether or not new or unchanged, are introduced at 6 am on the day. These, nevertheless, range from state to state; this is because of standards corresponding to Value Added Tax (VAT), freight expenses, native taxes, and many others.
