Saturday , November 9 2024

Petrol-Diesel Price Today: New prices of petrol-diesel released for Thursday, check the rates like this before filling the tank

Petrol, diesel prices today February 29, 2024 : There is a slight decline in the prices of crude oil in the international market. Today at 6 am, Brent crude is trading at $ 82.07 per barrel. At the same time, crude is flat at the price of $ 78.54 per barrel. Meanwhile, oil marketing companies in the country have released the latest rates of petrol and diesel. In India, fuel prices are changed every day at 6 am. Before June 2017, prices were revised every 15 days.

In India, the price of petrol and diesel is subject to influences such as freight charges, value added tax (VAT) and local taxes, resulting in different rates across states.

Change in the price of petrol diesel today

In the country, prices of petrol and diesel have fallen only in Kerala and Haryana, while prices have increased in Uttar Pradesh. Apart from this, there has been no change in fuel prices in other states.

  1. In Noida, petrol has become Rs 96.64 and diesel Rs 89.82 per litre.
  2. In Ghaziabad the price of diesel has become Rs 96.58 per liter and diesel price has become Rs 89.75 per liter.
  3. In Lucknow, petrol has become Rs 96.47 and diesel Rs 89.66 per litre.
  4. In Patna, petrol has become Rs 107.24 and diesel Rs 94.04 per litre.

Petrol Diesel Price in India Today (See City Wise Rate List Below)

Mumbai petrol and diesel price

As of February 29, petrol prices in Mumbai continued to cross Rs 100, reaching Rs 106.31 per litre, while diesel stood at Rs 94.27 per litre.

Delhi diesel price today

As of February 29, the price of diesel is Rs 89.62 per liter.

Delhi petrol price today

As of February 29, the price of petrol in Delhi is Rs 96.72 per liter.

Check city wise petrol and diesel prices on 29th February ,

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
Thiruvananthapuram 109.73 98.53
Bhubaneswar 103.19 94.75

In India, fuel prices have remained stable since May 2022, following cuts in fuel taxes by the central government and several states.

Retail prices of fuel are adjusted daily by OMCs at 6 am based on the global price of crude oil. The government monitors fuel prices through mechanisms such as excise duty, base pricing and price caps.

Factors affecting petrol and diesel prices in India

Crude Oil Price: The primary raw material for the production of petrol and diesel is crude oil, and thus, its price directly affects the final cost of these fuels.

Exchange rates between Indian Rupee and US Dollar: As a major importer of crude oil, India's petrol and diesel prices are also influenced by the exchange rate between the Indian rupee and the US dollar.

Tax: Various taxes are imposed on petrol and diesel by both the central and state governments. These taxes may vary from state to state, which can significantly impact the final prices of petrol and diesel.

Cost of Refinement:

The final price of petrol and diesel is also affected by the cost of refining crude oil into these fuels. The refining process can be expensive, and refining expenses can fluctuate depending on factors such as the type of crude oil used and the efficiency of the refinery.

Demand for petrol and diesel: The demand for petrol and diesel can also affect their prices. If demand for these fuels increases, it could lead to higher prices.