New gasoline and diesel prices announced: check rates in your city on February 19 | Top Vip News

Gasoline and diesel prices today February 19, 2024: Crude oil prices on the world market have once again reached $83. Meanwhile, there is a change in petrol and diesel prices released by government oil companies on Monday morning. This morning, oil prices fell in many cities of UP. However, there has been no change in oil prices in the country’s four metropolitan areas like Delhi-Mumbai.

In India, the price of petrol and diesel is subject to influences such as freight charges, value added tax (VAT) and local taxes, resulting in different rates between states.

Diesel gasoline price today Rate changes

According to government oil companies, petrol in Gautam Buddha Nagar today became costlier by 6 paise at Rs 96.65 per litre. Diesel here has also increased by 6 paise and is sold at Rs 89.82 per litre. In UP capital Lucknow, petrol has become cheaper by 27 paise to Rs 96.47 per liter and diesel has fallen by 27 paise to Rs 89.66 per litre. Apart from this, in Gurugram, Haryana, petrol became more expensive by 7 paise and reached Rs 97.04 per litre, while diesel was sold with an increase of 7 paise at Rs 89.91 per litre.

Petrol and Diesel Price Today in India (See City Rate List Below)

Petrol and diesel price in Mumbai

As on February 19, the price of petrol in Mumbai continued to cross the Rs 100 mark, reaching Rs 106.31 per litre, while the price of diesel was Rs 94.27 per litre.

Delhi diesel price today

As of February 19, the cost of diesel is priced at Rs 89.62 per litre.

Petrol price in Delhi today

As of February 19, the cost of petrol in Delhi is Rs 96.72 per litre.

Check gasoline and diesel prices in the city on February 19:

In India, fuel prices have remained stable since May 2022, following a reduction in fuel taxes by the central government and several states.

Retail fuel prices are adjusted by OMCs daily at 6 am based on the global crude oil price. The government monitors fuel prices through mechanisms such as excise taxes, base prices, and maximum prices.

Factors Affecting Petrol and Diesel Prices in India

Crude oil price: The main raw material for the production of gasoline and diesel is crude oil and, as such, its price directly influences the final cost of these fuels.

The exchange rate between the Indian rupee and the US dollar: As a major crude oil importer, India’s gasoline and diesel prices are also influenced by the exchange rate between the Indian rupee and the US dollar.

Tax: Both the central and state governments impose various taxes on petrol and diesel. These taxes can differ between states, which has a notable influence on the final prices of gasoline and diesel.

The cost of refining:

The final price of gasoline and diesel is also influenced by the costs of refining crude oil to convert it into these fuels. The refining process can be expensive and refining expenses can fluctuate depending on factors such as the type of crude oil used and the efficiency of the refinery.

The demand for gasoline and diesel: The demand for gasoline and diesel can also affect their prices. If demand for these fuels increases, it can lead to higher prices.