Petrol and Diesel Rate Today, 24 February- Fuel prices steady; Check rates in Delhi, Mumbai, other cities

Petrol and Diesel Rate Today, 24 February: Fuel prices steady; Check rates in Delhi, Mumbai, other cities

Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Fuel prices continued to stagnate on Friday, 24 February 2023, keeping costs steady for about eight months now. In Delhi, petrol is priced at Rs 96.72, while diesel in the National Capital is retailing at Rs 89.62 per litre. In Mumbai, petrol is retailing at Rs 106.31 per litre, and diesel is selling at Rs 94.27 per litre. The prices of petrol and diesel change state by state, depending upon various criteria such as Value Added Tax (VAT), freight charges, local taxes, etc. The last country-wide change in fuel rates was on 21 May last year, when Finance Minister Nirmala Sitharaman slashed excise duty on petrol by Rs 8 per litre and Rs 6 per litre on diesel.Petrol, diesel prices in Chennai, Kolkata, Bengaluru, Lucknow, Noida, Gurugram

Chennai: Petrol rate: Rs 102.63 per litre, Diesel rate: Rs 94.24 per litreKolkata: Petrol rate today: Rs 106.03 per litre, Diesel rate: Rs 92.76 per litreBengaluru: Petrol rate: Rs 101.94 per litre, Diesel rate: Rs 87.89 per litreLucknow: Petrol rate: Rs 96.57 per litre, Diesel rate: Rs 89.76 per litreNoida: Petrol rate: Rs 96.79 per litre, Diesel rate: Rs 89.96 per litreGurugram: Petrol rate: Rs 97.18 per litre, Diesel rate: Rs 90.05 per litreChandigarh: Petrol rate: Rs 96.20 per litre, Diesel rate: Rs 84.26 per litreMumbai: Petrol rate: Rs 106.31 per litre, Diesel rate: Rs 94.27 per litreDelhi: Petrol rate: Rs 96.72 per litre, Diesel rate: Rs 89.62 per litre

Oil prices firmed more than 1% on Thursday before paring some gains, with Russian supply curbs partially offsetting an expected rise in U.S. inventories. Brent crude futures settled up 2%, while West Texas Intermediate crude futures (WTI) advanced 2% after six sessions of losses.

Public sector Oil Marketing Companies (OMCs) including Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise their prices daily in line with international benchmark prices and forex rates. Any changes in petrol and diesel costs are implemented from 6 am every day. Oil Minister Hardeep Singh Puri recently asked OMCs to cut the retail prices of petrol and diesel if the crude oil prices in the international market come down and also if OMCs under recovery come down. OMCs incurred a loss of Rs 21,200 crore on account of selling petrol and diesel below the cost price.