Petrol and Diesel Price Update: There has been no increase in the rate of petrol and diesel today. Today, while the rate of petrol remained at Rs 96.72 per liter in Delhi, the rate of diesel remained stable at Rs 89.62 per litre. Meanwhile, in Mumbai, the price of per litre petrol is recorded at Rs 106.31 per litre and diesel price is recorded at Rs 94.27 per litre. It’s almost two months , the prices of both the fuel petrol and diesel have been same since our finance minister Nirmala Sitharaman declared a cut in excise duty on petrol and diesel. Government oil companies fix the rates of petrol and diesel every day after reviewing the prices. Indian Oil, Bharat Petroleum and Hindustan Petroleum revise, and issue petrol rates and diesel rates on a daily basis from 6 pm onwards. Let us know today’s latest rates of petrol and diesel in every city.
Now the price of 1 liter of petrol in Kolkata is Rs 106.03. At the same time, 1 liter diesel is at Rs 92.76 per liter.
Now the price of 1 liter of petrol in Chennai is Rs 102.63. At the same time, 1 liter diesel is at Rs 94.24 per liter.
This is the basis for fixing the price
Crude prices in the international market are often influenced by the dollar rate. If the dollar was expensive, buying crude would be more expensive and this increases the cost of petrol and diesel. On this basis, the prices of petrol and diesel are reviewed daily in the country and after that the rates are fixed afresh. This work is done by petroleum companies in the country.
Know what is the share of tax in petrol
More than half of the money people pay for petrol and diesel sold in the market, is in the form of tax from the central government and the states. It is estimated that 55.5 percent tax on petrol and 47.3 percent tax on diesel is collected from people.
Petrol pump dealer’s commission makes fuel expensive
Petrol pump dealers in the country also charge their commission per liter on petrol and diesel. Its cost also gets added to the rate of petrol and diesel, which makes it expensive.
Must Read: Petrol and Diesel Price Update: Maharashtra Fuel Rates Cut; Check Prices in your city
Know the meaning of 1 barrel
Crude oil is measured in barrels. This is the standard unit internationally. 1 barrel of crude oil means that about 159 liters of crude oil or crude oil. Petroleum products are obtained by refining this crude oil. Apart from petrol and diesel, substances like air fuel, kerosene, paraffin wax are also found from crude oil.
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