March 28: New Prices for Gas and Diesel Announced: Understand Fuel Prices in Your City
Today’s Petroleum and Diesel Pricing: On March 28, 2024, petroleum and diesel prices will be revised by oil companies in major urban centers and regional areas. These fresh rates, effective as of Thursday, March 28, are unveiled daily at 6 am nationwide. It is advisable to ascertain the current prices of petroleum and diesel before refueling your vehicle.
In India, the pricing of petroleum and diesel is contingent upon various factors such as transportation costs, value-added tax (VAT), and local levies, resulting in disparate rates across different states.
Metropolitan Petroleum and Diesel Prices:
Following the recent adjustment, the price of petroleum in the capital city, New Delhi, stands at Rs 94.72 per liter, down from the previous Rs 96.72 per liter. Meanwhile, diesel is priced at Rs 87.62 per liter, a decrease from its previous rate of Rs 89.62 per liter. Presently, petroleum is priced at Rs 104.21 per liter in Mumbai, Rs 103.94 in Kolkata, and Rs 100.75 per liter in Chennai. Diesel, on the other hand, costs Rs 92.15 per liter in Mumbai, Rs 90.76 in Kolkata, and Rs 92.34 per liter in Chennai.
Regional Disparities in Petroleum and Diesel Pricing:
Noida: petroleum at Rs 94.81 per liter and diesel at Rs 87.94 per liter.
Gurugram: petroleum at Rs 95.18 per liter and diesel at Rs 88.03 per liter.
Bengaluru: petroleum at Rs 99.82 per liter and diesel at Rs 85.92 per liter.
Chandigarh: petroleum at Rs 94.22 per liter and diesel at Rs 82.38 per liter.
Hyderabad: petroleum at Rs 107.39 per liter and diesel at Rs 95.63 per liter.
Jaipur: petroleum at Rs 104.86 per liter and diesel at Rs 90.34 per liter.
Patna: petroleum at Rs 105.16 per liter and diesel at Rs 92.03 per liter.
Lucknow: petroleum at Rs 94.63 per liter and diesel at Rs 87.74 per liter.
City-wise Petroleum and Diesel Pricing on March 28:
| CITY | PETROLEUM | DIESEL |
|---|---|---|
| Noida | Rs 94.66 | Rs 87.76 |
| Gurugram | Rs 94.98 | Rs 87.85 |
| Lucknow | Rs 94.79 | Rs 87.92 |
| Chandigarh | Rs 94.24 | Rs 82.40 |
| Jaipur | Rs 104.88 | Rs 90.36 |
| Patna | Rs 105.53 | Rs 92.37 |
| Hyderabad | Rs 107.41 | Rs 95.65 |
| Bengaluru | Rs 99.84 | Rs 85.92 |
Factors Influencing Petroleum and Diesel Prices in India:
- Crude Oil Prices: As the primary raw material for petroleum and diesel production, fluctuations in crude oil prices directly impact the final cost of these fuels.
- Exchange Rate Dynamics: Given India’s significant reliance on crude oil imports, the exchange rate between the Indian rupee and the US dollar plays a pivotal role in determining petroleum and diesel prices.
- Taxation: Both central and state governments impose various taxes on petroleum and diesel, which can vary across regions, thereby influencing overall prices.
- Refining Costs: The expenses associated with refining crude oil into petroleum and diesel also contribute to the final pricing. Refining costs fluctuate based on factors such as the type of crude oil used and refinery efficiency.
- Demand Dynamics: Changes in demand for petroleum and diesel can lead to price variations. Increased demand often results in higher prices.
Accessing Petroleum and Diesel Prices via SMS:
Customers can conveniently obtain the latest petroleum and diesel rates in their respective cities through SMS services. Indian Oil customers can text “RSP” along with the city code to 9224992249. BPCL customers can receive pricing information by texting “RSP” to 9223112222, while HPCL customers can inquire about prices by texting “HP Price” to 9222201122.
