Petrol price in India: 2024 Going to Big for India?

Petrol price in india are regularly updated in India since they are based on a dynamic fuel pricing structure. Every day at six in the morning, petrol prices are updated. Because India’s fuel pricing mechanism is dynamic, diesel rates are regularly updated. Daily around six in the morning, the diesel rates are updated.

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Fuel consumers and dealers will be able to receive information about even the smallest change in the price of oil globally, thanks to dynamic pricing. The ultimate diesel rate is determined by summing up dealer commission, excise duty, refinery payments, and value-added tax, or VAT.petrolThe retail selling price of diesel roughly doubles after they are included. The price of diesel is determined by a number of factors, including the demand for fuel, global cues, the cost of crude oil, and the exchange rate between the rupee and the US dollar.

Petrol Price in all stat of India:

State
Petrol (1L)
Change
Andaman and Nicobar Islands
₹84.1
0.00
Andhra Pradesh
₹110.78
0.30
Arunachal Pradesh
₹92.52
0.00
Assam
₹98.07
-0.01
Bihar
₹107.24
-0.35
Chandigarh
₹96.2
0.00
Chhattisgarh
₹102.45
0.00
Dadra and Nagar Haveli
₹94.43
0.00
 Daman and Diu
₹94.24
0.00
Delhi
₹96.72
0.00
Goa
₹98.08
0.54
Gujarat
₹97.03
0.39
Haryana
₹96.2
0.00
Himachal Pradesh
₹98.04
0.07
Jammu and Kashmir
₹101.67
-0.07
Jharkhand
₹99.84
-0.05
Karnataka
₹101.94
0.00
Kerala
₹109.42
-0.31
Madhya Pradesh
₹108.65
0.00
Maharashtra
₹106.31
0.00
Manipur
₹101.25
-0.03
Meghalaya
₹98.36
0.31
Mizoram
₹95.64
-0.20
Nagaland
₹99.5
0.00
Odisha
₹103.47
0.28
Pondicherry
₹96.16
0.00
Puducherry
₹96.16
0.00
Punjab
₹96.2
0.00
Rajasthan
₹108.16
-1.15
Sikkim
₹102.7
0.00
Tamil Nadu
₹102.63
0.00
Telangana
₹109.66
0.00
Tripura
₹99.49
-0.28
Uttar Pradesh
₹96.47
-0.21
Uttarakhand
₹95.21
-0.07
West Bengal
₹106.03
0.00

 

Diesel Price in all stat of India: 
State Diesel (1L) Change
Andaman and Nicobar Islands 79.74 0.00
Andhra Pradesh
98.27 0.00
Arunachal Pradesh
82.27 0.00
Assam
₹83.33 0.00
Bihar
94.04 0.00
Chandigarh
84.26 0.00
Chhattisgarh
95.44 0.00
Dadra and Nagar Haveli
89.98 0.00
 Daman and Diu
89.79 0.00
Delhi
89.62 0.00
Goa
89.93 0.09
Gujarat
92.44 0.00
Haryana
₹90.00 0.00
Himachal Pradesh
83.36 0.14
Jammu and Kashmir
83.15 0.11
Jharkhand
94.65 0.00
Karnataka
87.89 0.00
Kerala
98.53 0.29
Madhya Pradesh
93.90 0.00
Maharashtra
94.27 0.00
Manipur
87.17 0.00
Meghalaya
86.67 0.00
Mizoram
82.12 0.00
Telangana
87.56 0.00
Odisha
94.76 0.15
Pondicherry
86.45 0.00
Puducherry
86.45 0.00
Punjab
84.26 0.00
Rajasthan
93.72 0.00
Sikkim
89.80 0.00
Tamil Nadu
94.24 0.00
Telangana
97.82 0.00
Tripura
88.44 0.00
Uttar Pradesh
89.66 0.00
Uttarakhand
90.29 0.03
West Bengal
92.76 0.00

Petrol Price in India

Petrol is not manufactured in India; instead, it is mostly imported from nations that export crude oil. 75 percent of the nation’s crude oil comes from imports. Through a specific procedure, domestic companies in India transform crude oil into refined gasoline and diesel, which are subsequently transferred to retailers. Distributors then sell the fuel at all of the filling stations. A few of the Indian businesses that meet the nation’s needs for crude oil are ONGC, Cairn India Ltd., Reliance Industries, Oil India, and others.

In the global scenario, West Texas Intermediate (WTI) was up 3.68% to $106.2 per barrel, and Brent was up 3.55% to $108.7 per barrel. In response to Russia’s conflict in Ukraine, President of the European Commission Ursula von der Leyen suggested a gradual oil embargo.

For the first time since Moscow’s invasion of Ukraine, exports through that country have been disrupted today as Kyiv banned the use of a major transitway, citing interference by occupying Russia’s military forces. As a result, Russia’s gas shipments to Europe through Ukraine have decreased by a quarter.

Petrol price in Delhi

The largest trading bloc in the world, the European Union, has suggested imposing a ban on Russia’s imports of crude oil, which experts predict could further tighten the supply market and alter trade patterns. Strict lock-downs brought about by the increasing number of pandemic cases in China stopped manufacturing and output, which had a negative impact on the country’s economic expansion.

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