BUSINESS

January 2nd New Fuel and Diesel Prices Announced: Examine the Fuel Prices in Your City

Prices for gasoline and diesel on January 2: Due to a naval battle in the Red Sea that raised concerns about possible interruptions to Middle East supply and hopes of economic stimulus from China, which improved demand in the world’s largest importer of crude oil, oil prices increased by 1% on Tuesday, ringing in the New Year higher. By 02:25 GMT, Brent crude had increased by $1.03, or 1.3%, to $78.07 per barrel, while U.S. West Texas Intermediate oil had increased by 88 cents, or 1.2%, to $72.53 per barrel. The nation’s oil marketing firms have made available the most recent prices for gasoline and diesel. Every morning at six a.m., gasoline prices are updated in India. Price revisions were made every 15 days prior to June 2017.

The state-level pricing of gasoline and diesel has not changed much in the last several years. In Bihar, the cost of diesel has decreased by 39 paise and that of gasoline by 42 paise. In Goa, the price of gasoline and diesel has decreased by 17 percent. In Jharkhand, the cost of fuel and gasoline has gone up. The cost of gasoline has increased by 23 pesas in Uttarakhand as well.

Right now, a liter of petrol costs Rs 96.72 in Delhi, while a liter of diesel costs Rs 89.62. In contrast, a liter of diesel costs Rs 94.27 and a liter of petrol costs Rs 106.31 in Mumbai. In Kolkata, a liter of petrol costs Rs 106.03, while a liter of diesel costs Rs 92.76. However, in Chennai, a liter of diesel is sold for Rs 94.24, and a gallon of petrol for Rs 102.63.

The pricing of gasoline and diesel in India is set by oil marketing companies (OMCs) such as Indian Oil, Bharat Petroleum, and Hindustan Petroleum. This is done every day, and rates are set based on the global price of crude oil.

Why do gas prices differ across states?

Every day at six in the morning, the rates are released, whether they are new or not. However, they differ from one state to the next because of factors like local taxes, freight costs, value-added tax (VAT), etc.

Prices for gasoline and diesel in Bengaluru, Chennai, Lucknow, Noida, and Gurugram on January 2, 2023

PETROL CITY (PER LITRE) DIESEL PER LITRE

Gurugram Rs 96.84 -Rs 89.72

Kolkata Rs 106.03- Rs 92.76

Bengaluru Rs 101.94 -Rs 87.89

Chandigarh Rs 96.20- Rs 84.26

Chennai Rs 102.86- Rs 94.46

Lucknow: Rs 89.76 – Rs 96.57

New Delhi Rs 96.72- Rs 89.62

Mumbai Rs 106.31- Rs 94.27

Noida: Rs 89.96 – Rs 96.79

How Can I Check City-Wise Prices for Gas and Diesel?

Additionally, you may use SMS to find out the daily prices for gasoline and diesel. Customers of BPCL may get information by sending an SMS to 9223112222 with RSP and their city code, while customers of Indian Oil can receive information by texting RSP and their city code to 9224992249. On the other hand, HPCL customers may get the price by texting 9222201122 with HPPrice and their city code.

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