New Fuel and Diesel Prices Released: December 15 Rates In Your City
Current Prices for Gas and Diesel December 15: Regardless of any changes or stays the same, the prices of gasoline and diesel are disclosed every day at six a.m. This is so because the foreign currency rates and global crude oil prices are the basis for the oil marketing companies (OMCs) pricing updates.
Mumbai Fuel & Diesel Cost
On December 15, the retail price of gasoline in Mumbai remained over the Rs 100 level at Rs 106.31 a liter, while the price of diesel was Rs 94.27 per liter.
Delhi Fuel & Diesel Cost
In Delhi, a liter of petrol costs Rs 96.72, while a liter of diesel costs Rs 89.62 as of December 15.
Verify the cost of gasoline and diesel in each city on December 15;
PETROL PRICE CITY (RS/LITRE)PRICE OF DIESEL (RS/LITRE)
Chennai 94.24 102.63
Bengaluru 106.03 92.76
Noida 90.08 90.92
Lucknow 96.57 89.76
Bengaluru 87.94 101.99
Bangalore 109.66 97.82
Jaipur 108.48 93.72
Trivandrum 98.27 109.45
Bangalore 103.04 94.61
The pricing of gasoline and diesel in India is determined by a number of variables, including municipal taxes, value-added tax (VAT), and freight costs. As a result, rates vary from one state to the next.
After the federal government and numerous states reduced gasoline prices in May 2022, the fuel prices have stayed the same.
Every day at 6 am, OMCs adjust the retail price of gasoline in line with the global price of crude oil. The government regulates gasoline prices via base pricing, price ceilings, and excise tax.
Factors Influencing India’s Gas and Diesel Prices
Price of crude oil: Since crude oil is the primary raw material needed to make gasoline and diesel, the price of crude oil directly affects the total cost of these fuels.
The price of gasoline and diesel is influenced by the exchange rate between the Indian rupee and the US dollar since the majority of India’s crude oil is imported.
Tax: There are many levies on gasoline and diesel levied by the federal and state governments. The ultimate cost of gasoline and diesel may be significantly impacted by these taxes, which might differ from state to state.
The price at which gasoline and diesel are ultimately produced is also influenced by the cost of refining crude oil. Refinement is a costly procedure whose price is contingent on many elements, including the kind of crude oil used and the refinery’s efficiency.
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.
