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Petrol, diesel prices today March 8, 2024 : Today the festival of Mahashivratri is being celebrated across the country. On Friday morning, when the government oil companies also released the prices of petrol and diesel, the prices increased in many cities of the country, while at many places the prices were seen softening. However, there is no change in the prices of crude oil in the global market today.
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
According to government oil companies, petrol in Noida has become cheaper by 5 paise for the second day today at Rs 96.59 per liter. Here diesel is also being sold after falling by 6 paise at Rs 89.76 per litre. In the neighboring district Ghaziabad, petrol has become cheaper by 14 paise to Rs 96.44 per liter and diesel has become cheaper by 13 paise to Rs 89.62 per liter. In Patna, the capital of Bihar, today petrol has become costlier by 29 paise and is being sold at Rs 107.59 per litre, while diesel is being sold at Rs 94.36 per liter with an increase of 27 paise.
Petrol Diesel Price in India Today (See City Wise Rate List Below)
Mumbai petrol and diesel price
As of March 8, 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 March 8, the price of diesel is Rs 89.62 per liter.
Delhi petrol price today
As of March 8, the price of petrol in Delhi is Rs 96.72 per liter.
Check city wise petrol and diesel prices 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 |
| 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.
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.