Fuel Prices Remain Steady on August 31: No Change in Petrol and Diesel Rates Across Major Cities

In a recent development, the cost of Fuel Prices has maintained its stability on Thursday, August 31, across key cities such as New Delhi, Kolkata, Mumbai, and Chennai. The prices for these fuels are disclosed daily at 6 am and can either stay the same or be updated. It’s important to note that these rates vary from state to state due to factors like Value Added Tax (VAT), local taxes, freight charges, and more.

Petrol and Diesel Rates Across Cities on August 31

Let’s take a look at the latest petrol and diesel prices for August 31 in various cities:

CityPetrol Price (per litre)Diesel Price (per litre)
NoidaRs 96.79Rs 89.96
GhaziabadRs 96.58Rs 89.75
LucknowRs 96.57Rs 89.76
PatnaRs 107.24Rs 94.04
Port BlairRs 84.10Rs 79.74
DelhiRs 96.72Rs 89.62
MumbaiRs 106.31Rs 94.27
KolkataRs 106.03Rs 92.76
ChennaiRs 102.63Rs 94.24

Why Fuel Prices Differ Among States?

The reason behind the variation in fuel prices across different states lies in factors such as Value Added Tax (VAT), local taxes, freight charges, and other regional considerations. These elements contribute to the final cost that consumers pay at the pump.

How to Stay Informed About Petrol and Diesel Prices

For those eager to stay updated about the daily rates of petrol and diesel, there are convenient methods. Customers of various oil marketing companies (OMCs) can access this information through simple SMS services:

  • Indian Oil customers can text RSP along with their city code to 9224992249.
  • BPCL customers can send an SMS to 9223112222, typing RSP and their city code.
  • HPCL consumers can know the price by texting HPPrice and their city code to 9222201122.

 

The prices of petrol and diesel, which are crucial resources for our daily lives, experienced no change on August 31 across several major Indian cities. These prices can differ from one state to another due to a mix of factors like VAT, local taxes, and more. Staying informed about these rates has become easier through SMS services provided by prominent oil companies. Keep in mind that these rates are determined daily and are influenced by the global price of crude oil.

Fuel Prices Remain Steady on August 31: No Change in Petrol and Diesel Rates Across Major Cities

FAQs: Understanding Fuel Prices and Their Variations

Q1: Why did fuel prices remain constant on August 31 in major cities?

A1: The petrol and diesel prices stayed the same on August 31 in key cities like New Delhi, Kolkata, Mumbai, and Chennai.

Q2: What factors contribute to the differences in fuel prices across states?

A2: The variation in fuel prices is influenced by factors such as Value Added Tax (VAT), local taxes, freight charges, and other regional considerations.

Q3: What were the petrol and diesel prices in different cities on August 31?

A3: On August 31, the prices per litre were as follows:

CityPetrol Price (per litre)Diesel Price (per litre)
NoidaRs 96.79Rs 89.96
GhaziabadRs 96.58Rs 89.75
LucknowRs 96.57Rs 89.76
PatnaRs 107.24Rs 94.04
Port BlairRs 84.10Rs 79.74
DelhiRs 96.72Rs 89.62
MumbaiRs 106.31Rs 94.27
KolkataRs 106.03Rs 92.76
ChennaiRs 102.63Rs 94.24

Q4: How do Value Added Tax (VAT) and local taxes affect fuel prices?

A4: Value Added Tax (VAT), local taxes, and freight charges are state-specific factors that impact the final cost of fuel, leading to price variations.

Q5: How can I stay informed about daily petrol and diesel prices?

A5: You can receive daily petrol and diesel price updates through SMS services:

  • Indian Oil customers: Text RSP and your city code to 9224992249.
  • BPCL customers: Send an SMS to 9223112222, typing RSP and your city code.
  • HPCL consumers: Text HPPrice and your city code to 9222201122.

Q6: Who determines the petrol and diesel prices in India?

A6: Oil marketing companies (OMCs) such as Indian Oil, Bharat Petroleum, and Hindustan Petroleum determine the daily petrol and diesel prices based on the global crude oil price.

Q7: What role does the price of crude oil play in determining fuel prices?

A7: The price of crude oil on the global market serves as a significant factor in setting daily petrol and diesel rates.

Q8: Why is it important to understand fuel price fluctuations?

A8: Understanding fuel price fluctuations helps individuals plan their expenses, especially those who rely heavily on vehicles for transportation.

Q9: Can you summarize the article in simple terms?

A9: Certainly! The article explains that petrol and diesel prices remained unchanged on August 31 in major Indian cities. These prices vary due to taxes and other factors. The article also provides fuel prices for various cities and suggests ways to stay informed through SMS services. The rates are determined by oil companies based on global crude oil prices.

Q10: How can I get a quick overview of the fuel prices in different cities?

A10: You can get a quick overview of petrol and diesel prices in different cities by checking the article’s summarized information in the FAQs section above.

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