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Digital Desk, New Delhi. Crude oil prices in the international market are seeing a rise again these days. Which seems to have a direct impact in the domestic market. Indian oil marketing companies (IOC, HPCL & BPCL) today (Friday, December 04) have again raised the prices of petrol-diesel. While the price of petrol has increased by 17-20 paise, the price of diesel has increased from 21 paise to 24 paise.

Earlier on Thursday, government oil companies raised the price of petrol by 17 paise and diesel by 20 paise. Experts believe that Crude oil prices in international markets may increase further in the coming days. Which is sure to have an impact on the domestic market as well. Right now you know today’s prices …

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price of petrol
According to the website of Indian Oil, today the price of petrol in the country’s capital Delhi is Rs 82.86 per liter. Petrol is getting Rs 89.52 per liter in the financial capital Mumbai. Talk about Kolkata, you will have to pay 84.37 rupees for a liter of petrol here. While in Chennai, petrol will be available for Rs 85.76 per liter.

Diesel price
The price of diesel in Delhi has been increased to Rs 73.07 per liter. Diesel is being sold in Mumbai at Rs 79.66 per liter. In Kolkata you will get one liter diesel available for Rs 76.64. Whereas in Chennai you have to pay Rs 78.45 for a liter of diesel.

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This is how the price is fixed
Petrol and diesel prices change daily, depending on what the crude prices are in the international market along with foreign exchange rates. Based on these standards, oil marketing companies (OMCs) decide the petrol rate and diesel rate daily. Indian Oil, Bharat Petroleum and Hindustan Petroleum revise petrol and diesel rates at 6 am every day. After adding excise duty, dealer’s commission and other things to the prices of petrol and diesel, the price of oil rises up to double.

Apart from this, for different prices in states, each state imposes different local sales tax or Value Added Tax (VAT) on petrol and diesel. Due to this, the rates of diesel and petrol for consumers change according to the states.

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