Achi news desk-
Fuel rates in India: Petrol and diesel prices today on March 24. (Representative image)
On March 24, the cost of diesel is Rs 89.62 per litre.
Petrol, Diesel Prices Today On March 242024: Every morning at 6 am, oil marketing companies (OMCs) reveal petrol and diesel prices, regardless of their stability. This constant process, overseen by OMCs, involves adjusting prices in line with changes in global crude oil prices and foreign exchange rates. This organized approach ensures that consumers are kept up to date with the daily changes in fuel costs.
In India, petrol and diesel pricing is subject to influences such as freight charges, value added tax (VAT), and local taxes, resulting in different rates across states.
Diesel Petrol Price Today In India (Check the list of city-wise rates below)
Petrol and Diesel Price Mumbai
Mumbai Petrol Price Today
On March 24, the price of petrol in Mumbai remained above the Rs 100 mark, reaching Rs 104.21 per litre.
Diesel Price In Mumbai Today
On March 24, the price of diesel in Mumbai is Rs 92.15 per litre.
Delhi Diesel Price Today
On 24 March, the cost price of diesel is Rs 87.62 per litre.
Delhi Petrol Price Today
On March 24, the cost of petrol in Delhi is Rs 94.72 per litre.
Check petrol and diesel prices in the city on 24th March;
| City | Petrol price (Rs/litre) | Diesel price (Rs/litre) |
| Chennai | 100.98 | 92.56 |
| Kolkata | 103.94 | 90.76 |
| Noida | 94.80 | 87.93 |
| Lucknow | 94.65 | 87.76 |
| Bengaluru | 99.84 | 85.93 |
| Hyderabad | 107.41 | 95.65 |
| Jaipur | 104.88 | 90.36 |
| Trivandrum | 107.25 | 96.13 |
| Bhubaneswar | 101.60 | 93.16 |
In India, fuel prices have remained constant since May 2022, following a reduction in fuel taxes by the central government and several states.
Retail fuel prices are adjusted by OMCs every day at 6 am based on the global price of crude oil. The government oversees fuel prices through mechanisms such as excise tax, base pricing, and price caps.
Factors Affecting Petrol And Diesel Prices In India
Crude oil price: The main raw material for the production of petrol and diesel is crude oil, and as such, its price directly influences the eventual cost of these fuels.
The exchange rate between the Indian rupee and the US dollar: As a major importer of crude oil, India’s petrol and diesel prices are also influenced by the exchange rate between the Indian rupee and the US dollar.
Tax: Various taxes on petrol and diesel are imposed by the central and state governments. These taxes can vary across states, significantly influencing the eventual prices of petrol and diesel.
Refinement cost:
The final price of petrol and diesel is also influenced by the costs incurred in refining crude oil into these fuels. The refining process can be costly, and refining costs can vary based on factors such as the type of crude oil used and the efficiency of the refinery.
Demand for petrol and diesel: The demand for petrol and diesel can also affect their prices. If the demand for these fuels increases, it may lead to higher prices.
