India Pulse Update

Updated Fuel and Diesel Prices: Verify Prices in Your City on February 13

<p><strong>Current Prices for Gas and Diesel February 13, 2024:</strong> The price of crude oil is increasing on the international market once again. Brent crude’s price has surpassed $82. Prior to Valentine’s Day, the impact on gas and diesel prices was also apparent. On Tuesday morning, government oil corporations announced a change in the price of oil. These days, oil costs have gone up in certain locations and down in many cities.</p>
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<p>Value-added tax (VAT), municipal taxes, and freight costs are some of the factors that affect the price of gasoline and diesel in India, causing variations in prices across states.</p>
<p><strong>Petrol Diesel Price: Current Changes in Rates</strong></p>
<p>Petrol prices in Gautam Buddha Nagar (Noida-Greater Noida) have decreased by 41 paise today, with a litre costing Rs 96.59, according to government oil firms. Here, the price of fuel has decreased by 38 rupees to Rs 89.76 per liter. Today, the price of gasoline has climbed by 30 paise to Rs 107.54 a liter in Patna, the capital of Bihar, while the price of diesel has increased by 28 paise to Rs 94.32 per liter. In the state capital of Haryana, Gurugram, the price of petrol went up by 20 paise to Rs 96.97 per litre, while the price of diesel went up by 19 paise to Rs 89.84 per litre.</p>
<p>Current Indian Price of Petrol and Diesel (See the rate list per city below.)</p>
<p><strong>Mumbai Fuel & Diesel Cost</strong></p>
<p>As of February 13, the price of diesel was Rs 94.27 per litre in Mumbai, while petrol was still more over Rs 100 per litre at Rs 106.31.</p>
<p><strong>Delhi Diesel Cost Right Now</strong></p>
<p>The price of a liter of diesel is Rs 89.62 as of February 13.</p>
<p><strong>Today’s Gas Prices in Delhi</strong></p>
<p>The price of a liter of gasoline in Delhi is Rs 96.72 as of February 13.</p>
<p>Verify the costs of gasoline and diesel in each city on February 13:</p>
<p>Chennai 94.24 102.63<br />
Bengaluru 106.03 92.76<br />
Noida 89.96 96.79<br />
Lucknow 96.57 89.76<br />
Bengaluru 87.89 101.94<br />
Hyderabad 97.82 109.66<br />
Jaipur 108.48 93.72<br />
Trivandrum 98.53 109.73<br />
Bhubaneswar 103.19 94.75</p>
<p>gasoline prices in India have not changed since May 2022 as a result of the federal government and many state governments lowering gasoline taxes.</p>
<p>Every day at six in the morning, OMCs modify fuel retail prices in accordance with the price of crude oil globally. Through programs like base pricing, price ceilings, and excise tax, the government regulates gasoline costs.</p>
<p><strong>Factors Influencing India’s Gas and Diesel Prices</strong></p>
<p><strong>Crude oil price:</strong> Since crude oil is the main component used to make gasoline and diesel, its price has a direct impact on the final cost of these fuels.</p>
<p><strong>The US dollar to Indian rupee exchange rate is as follows:</strong> India is a significant importer of crude oil, hence the exchange rate between the US dollar and the Indian rupee affects the price of gasoline and diesel in India.</p>
<p><strong>Tax:</strong> Both the federal and state governments apply different taxes on gasoline and diesel. State-by-state variations in these taxes may have a significant impact on the final cost of gasoline and diesel.</p>
<p><strong>The price of refinement:</strong></p>
<p>The costs associated with refining crude oil into gasoline and diesel also have an impact on the ultimate pricing of these fuels. Refinement may be expensive, and the cost of refining can vary depending on the kind of crude oil used and the refinery’s efficiency.</p>
<p>The demand for gasoline and diesel: The demand for these fuels has the potential to impact pricing. Prices may rise if there is a greater demand for certain fuels.</p>

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