Petrol-Diesel Price: Oil marketing companies had released the price of petrol and diesel for Thursday. Like many other places, the price of petrol has reached close to century in Mumbai.
Oil companies issue new prices of petrol and diesel every day at 6 am.
Today after the increase in the price of crude oil in the international market, domestic oil companies have released the price of petrol and diesel. Experts are telling that the process of increase in the price of crude oil is not going to stop. Vaccination work is going on fast in many places including Europe and America. With the increase in the number of vaccinations, there are discounts on travel restrictions. In this case, there will be an increase in fuel demand. Therefore, there will also be an increase in the price of crude oil.
Talking about the domestic market, petrol prices have already hit a century in many districts of Rajasthan, Maharashtra and Madhya Pradesh. In the financial capital Mumbai, the price of petrol has reached beyond 99. Talking about the price in India, the base price of petrol and diesel is less than Rs 37 and Rs 35 per liter respectively. But the retail prices are so high because of the huge tax burden.
Petrol-diesel sold expensive due to heavy tax
Explain that the central government is charging an excise duty of Rs 33 per liter on petrol and diesel. Apart from this, states also levy VAT and cess at their level. This is the reason that the price of petrol and diesel has increased almost three times. In such a situation, till the tax will not be cut, it will not be possible to reduce the price of petrol and diesel in the domestic market.
What is the price of petrol and diesel in your city today?
|City||Petrol (Rs / liter)||Diesel (Rs / liter)|
How is the price of petrol and diesel fixed?
Petrol-diesel prices in India are fixed in four stages.
First: Refinery, here petrol, diesel and other petroleum products are extracted from crude oil.
Other Oil Companies: They make their profits and deliver oil to the petrol pump.
Third: Here the petrol pump owner makes his fixed commission.
Fourth: The general public – it takes oil by paying excise duty and VAT for the central and state government.
You can find out the price of petrol and diesel in your city
The retail price of petrol and diesel is revised every day and after that, the new price is released at 6 o’clock in the morning. You can know the price of petrol-diesel at your nearest petrol pump only through the SMS sitting at your home. The Indian Oil customer will send a message on 9224992249 by entering the city code with RSP from his mobile. You will find the city code on the official website of Indian Oil (IOCL).
After sending the message, you will be sent a fresh price of petrol and diesel. Similarly, BPCL customers can send SMS 9223112222 by typing RSP from their mobile. HPCL customers can send SMS by writing HPPrice to 9222201122.
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