BUSINESS

Prices for gasoline and diesel were released for today, September 28: Check India’s Most Recent Fuel Prices

Regardless of whether they have changed or stayed the same, the prices of gasoline and diesel are announced each day at 6 am. However, these costs differ across states as a result of things like value-added tax (VAT), shipping costs, and municipal taxes.

Delhi Gasoline Prices

In Delhi, the cost of gasoline is Rs 96.72 a liter as of September 28, while the cost of diesel is Rs 89.62 per liter.

Mumbai Gas & Diesel Cost

On September 28, the cost of a litre of gasoline in Mumbai remained over the Rs 100 threshold at Rs 106.31, while the cost of a litre of diesel was Rs 94.27.

Check city-wise Petrol and Diesel prices on September 28

CITY PETROL PRICE (RS/LITRE) DIESEL PRICEĀ (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
Trivandrum 109.73 98.53
Bhubaneswar 103.19 94.76

In India, the price of gasoline and diesel is determined by a number of elements, including freight costs, value-added tax (VAT), and municipal taxes. Because of this, the rates vary from state to state.

Since May 2022, when the federal government and some states reduced gasoline taxes, the fuel prices have remained the same.

Every day at six in the morning, Oil Marketing Companies (OMCs) adjust the retail price of gasoline in accordance with the price of crude oil throughout the globe. Government regulates gasoline costs through excise tax, base pricing, and price limits.

Factors Affecting Indian Gasoline and Diesel Prices

Price of crude oil: Since crude oil is the primary raw material required to make gasoline and diesel, the price of crude oil directly affects how much these fuels ultimately cost.

The price of gasoline and diesel is influenced by the exchange rate between the Indian rupee and the US dollar since India imports the majority of its crude oil.

Tax: Both the federal and state governments impose various levies on gasoline and diesel. These levies may differ from state to state and may have a significant effect on the ultimate cost of gasoline and diesel.

The price of refining crude oil into gasoline and diesel also has an impact on the ultimate cost of these fuels. The cost of refining may vary based on a variety of variables, including the kind of crude oil used and the refinery’s efficiency. The refining process can be costly.

Demand for gasoline and diesel: The demand for gasoline and diesel may have an impact on their costs. Prices for these fuels may rise if there is a rise in demand.

 

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