As of March 8, the price of petrol in Mumbai continued to exceed the Rs 100 mark, reaching Rs 106.31 per litre, while diesel was priced at Rs 94.27 per litre. In Delhi, the cost of diesel is priced at Rs 89.62 per litre. The cost of petrol in Delhi is Rs 96.72 per litre. Here are the petrol and diesel prices for some other cities on March 8:
- Chennai: Petrol - Rs 102.63 per litre, Diesel - Rs 94.24 per litre
- Kolkata: Petrol - Rs 106.03 per litre, Diesel - Rs 92.76 per litre
- Noida: Petrol - Rs 96.79 per litre, Diesel - Rs 89.96 per litre
- Lucknow: Petrol - Rs 96.57 per litre, Diesel - Rs 89.76 per litre
- Bengaluru: Petrol - Rs 101.94 per litre, Diesel - Rs 87.89 per litre
- Hyderabad: Petrol - Rs 109.66 per litre, Diesel - Rs 97.82 per litre
- Jaipur: Petrol - Rs 108.48 per litre, Diesel - Rs 93.72 per litre
- Trivandrum: Petrol - Rs 109.73 per litre, Diesel - Rs 98.53 per litre
- Bhubaneswar: Petrol - Rs 103.19 per litre, Diesel - Rs 94.75 per litre
In India, fuel prices have remained steady since May 2022, following a reduction in fuel taxes by the central government and several states. Fuel retail prices are adjusted by oil marketing companies (OMCs) daily 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 include crude oil price and the exchange rate between the Indian rupee and the US dollar.