Digital Desk, New Delhi. The process of increasing prices of petrol-diesel continues. Indian oil marketing companies (IOC, HPCL & BPCL) have also increased fuel prices today (Monday, 07 December). While the price of petrol has increased by 30-33 paise, diesel has been costlier by 25-31 paise. This is the 14th consecutive day when fuel prices have been raised in the country. If seen, this is the first time in the last two years when the prices of petrol and diesel have increased so fast.
Earlier yesterday, the price of petrol was increased by 28 paise per liter on Sunday. At the same time, the price of diesel was increased by 29 paise. Let us tell you that after the prices have been stable for the whole 50 days, the prices of petrol and diesel started increasing in November, which are continuing continuously. 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 83.71 per liter. At the same time, petrol is getting Rs 90.34 per liter in the financial capital Mumbai. Talk about Kolkata, you will have to pay 85.19 rupees for a liter of petrol here. While in Chennai, petrol will be available for Rs 86.51 per liter.
The price of diesel in Delhi has been increased to Rs 73.87 per liter. Diesel is being sold at Rs 80.51 per liter in Mumbai. In Kolkata, one liter diesel will be available for Rs 77.44. Whereas in Chennai you have to pay Rs 79.21 for one liter of diesel.
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This is how the price is fixed
Petrol and diesel prices change every day 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 the 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.