Updated Fuel and Diesel Prices: Verify Prices in Your City on February 14
Current Prices for Gas and Diesel February 14, 2024: The farmers’ agitation on Wednesday morning resulted in a hike in oil prices in many towns in Punjab, Haryana, and Western UP. Today, the government and oil firms revealed the updated pricing for gasoline and diesel, both of which are rising. But the price of crude oil has also increased on the international market, seeming to be approaching $83.
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.
Petrol Diesel Price: Current Changes in Rates
Government oil firms report that today’s fuel price in Punjab’s Patiala city increased by 48 paisas to Rs 98.62 per litre. Here, the price of fuel has also gone up by 45 paisa, to Rs 88.92 per liter. The cost of gasoline has increased by 29 paise to Rs 97.1 per liter and the cost of diesel has increased by 28 paise to Rs 89.99 per liter in the Sonipat district of Haryana. In addition, the price of petrol increased by 22 paise to Rs 96.63 per litre in the Meerut district of Uttar Pradesh, while the price of diesel increased by 21 paise to Rs 89.80 per litre.
Current Indian Price of Petrol and Diesel (See the rate list per city below.)
Mumbai Fuel & Diesel Cost
As of February 14, the price of diesel was Rs 94.27 per litre in Mumbai, while petrol was still more than Rs 100 per litre at Rs 106.31.
Delhi Diesel Cost Right Now
The price of a liter of fuel is Rs 89.62 as of February 14.
Today’s Gas Prices in Delhi
The price of a liter of gasoline in Delhi is Rs 96.72 as of February 14.
Verify the costs of gasoline and diesel in each city on February 14:
PETROL PRICE CITY (RS/LITRE) PRICE OF DIESEL (RS/LITRE)
Chennai 94.24 102.63
Bengaluru 106.03 92.76
Noida 89.96 96.79
Lucknow 96.57 89.76
Bengaluru 87.89 101.94
Hyderabad 97.82 109.66
Jaipur 108.48 93.72
Trivandrum 98.53 109.73
Bhubaneswar 103.19 94.75
gasoline prices in India have not changed since May 2022 as a result of the federal government and many state governments lowering gasoline taxes.
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.
Factors Influencing India’s Gas and Diesel Prices
Crude oil price: 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.
The US dollar to Indian rupee exchange rate is as follows: 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.
Tax: 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.
The price of refinement:
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.
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.
