Nagaland News Watch

Updated Prices for Gas and Diesel: Verify Prices in Your City on February 10

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<p><strong>Petroleum and Diesel Prices Today:</strong> On the 10th of February, 2024, at the break of dawn, the revelation of petrol and diesel prices occurs, unaffected by whether they undergo fluctuations or remain unwavering. This customary event is overseen by oil marketing companies (OMCs), aligning prices with the vicissitudes in global crude oil prices and foreign exchange rates. This mechanism ensures that consumers are apprised of the day-to-day variations in fuel expenses.</p>
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<p>In India, the pricing of petrol and diesel is susceptible to influences such as freight charges, value-added tax (VAT), and local taxes, resulting in disparate rates across states.</p>
<p>Current Petrol and Diesel Prices in India (Refer to the city-wise rate list below)</p>
<p><strong>Petrol and Diesel Prices in Mumbai</strong></p>
<p><strong>Mumbai’s Petrol Price Today</strong></p>
<p>As of the 10th of February, the price of petrol in Mumbai has consistently surpassed the Rs 100 mark, reaching Rs 106.31 per litre.</p>
<p><strong>Diesel Price in Mumbai Today</strong></p>
<p>As of the 10th of February, the diesel price in Mumbai stands at Rs 94.27 per litre.</p>
<p><strong>Diesel Price in Delhi Today</strong></p>
<p>As of the 10th of February, the cost of diesel is pegged at Rs 89.62 per litre.</p>
<p><strong>Petrol Price in Delhi Today</strong></p>
<p>As of the 10th of February, the cost of petrol in Delhi is Rs 96.72 per litre.</p>
<p><strong>Check city-wise petrol and diesel prices on the 10th of February:</strong></p>
<p>In India, fuel prices have maintained stability since May 2022, subsequent to a reduction in fuel taxes by the central government and various states.</p>
<p>Fuel retail prices are adjusted daily at 6 am by OMCs based on the global price of crude oil. The government oversees fuel prices through mechanisms such as excise tax, base pricing, and price caps.</p>
<p><strong>Factors Influencing Petrol and Diesel Prices in India</strong></p>
<p><strong>Crude oil price:</strong> The fundamental raw material for the production of petrol and diesel is crude oil, and consequently, its price directly impacts the ultimate cost of these fuels.</p>
<p><strong>The exchange rate between the Indian rupee and the US dollar:</strong> As a significant 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.</p>
<p><strong>Tax:</strong> Various taxes on petrol and diesel are levied by both the central and state governments. These taxes may vary across states, exerting a notable influence on the ultimate prices of petrol and diesel.</p>
<p><strong>The cost of refining:</strong> The final price of petrol and diesel is further influenced by the expenses incurred in refining crude oil into these fuels. The refining process can be expensive, and the refining expenses may fluctuate based on factors such as the type of crude oil utilized and the efficiency of the refinery.</p>
<p><strong>The demand for petrol and diesel:</strong> The prices of petrol and diesel can also be affected by the demand for these fuels. An increase in demand can lead to higher prices.</p>