India Flash News

Today, October 22, check India’s most recent fuel prices for petrol and diesel

<p>Regardless of whether they have changed or stayed the same, the prices of gasoline and diesel are announced each day at 6 am. However, these costs differ across states as a result of things like value-added tax (VAT), shipping costs, and municipal taxes.<img decoding=”async” class=”alignnone wp-image-248566″ src=”” alt=” we hear the outcry us daily apologizes for using antisemitic tropes in editorial c” width=”1241″ height=”695″ srcset=” 300w,×84.jpg 150w” sizes=”(max-width: 1241px) 100vw, 1241px” title=”Today, October 22, check India's most recent fuel prices for petrol and diesel 6″></p>
<p>Delhi Gasoline Prices</p>
<p>In Delhi, the cost of gasoline is Rs 96.72 per litre as of October 22, while the cost of diesel is Rs 89.62 per liter.</p>
<p>Mumbai Gas & Diesel Cost</p>
<p>On October 22, the cost of a litre of gasoline in Mumbai remained over the Rs 100 threshold at Rs 106.31, while the cost of a litre of diesel was Rs 94.27.</p>
<p id=”5″ class=”story_para_5″><strong>Check city-wise Petrol and Diesel prices on October 22</strong></p>
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<p>In India, the price of gasoline and diesel is determined by a number of elements, including freight costs, value-added tax (VAT), and municipal taxes. Because of this, the rates vary from state to state.</p>
<p>Since May 2022, when the federal government and some states reduced gasoline taxes, the price of petrol has stayed constant.</p>
<p>Every day at six in the morning, Oil Marketing Companies (OMCs) adjust the retail price of gasoline in accordance with the price of crude oil throughout the globe. Government regulates gasoline costs via excise tax, base pricing, and price limits.</p>
<p>Factors Affecting Indian Gasoline and Diesel Prices</p>
<p>Price of crude oil: Since crude oil is the primary raw material required to make gasoline and diesel, the price of crude oil directly affects how much these fuels ultimately cost.</p>
<p>The price of gasoline and diesel is influenced by the exchange rate between the Indian rupee and the US dollar since India imports the majority of its crude oil.</p>
<p>Tax: Both the federal and state governments impose various levies on gasoline and diesel. These levies may differ from state to state and may have a significant effect on the ultimate cost of gasoline and diesel.</p>
<p>The price of refining crude oil into gasoline and diesel also has an impact on the ultimate cost of these fuels. The cost of refining may vary based on a variety of variables, including the kind of crude oil used and the refinery’s efficiency. The refining process can be costly.</p>
<p>Demand for gasoline and diesel: The demand for gasoline and diesel may have an impact on their costs. Prices for these fuels may rise if there is a rise in demand.</p>
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