Oil companies have reduced the prices of petrol and diesel on Thursday, January 16, 2020. That is, for petrol and diesel today, customers will have to pay a lower price than on Wednesday. Before that, on Wednesday, January 15, 2020, there was no change in oil prices.
The price of petrol and diesel in four metros: The price of one-liter petrol in Delhi, Kolkata, and Mumbai has come down by 15 paise. In Chennai, it has decreased by nine paise per liter, after which the price of petrol in these metros has been reduced to 75.55, 78.14, 81.14 and 78.56 rupees per liter respectively. Talking about diesel, a liter of diesel has decreased by 14 paise in Delhi and Kolkata, 15 paise in Mumbai and nine paise in Chennai. After this, the price of diesel has been reduced to 68.92, 71.29, 72.27 and 72.89 per liter respectively.
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Price changes at six o'clock every day: The prices of petrol and diesel change at six o'clock every day. The new rates are applicable from 6 o'clock in the morning. In the price of petrol and diesel, excise duty, dealer commission, and other things add almost double its price.
This is the basis for fixing the price: On the basis of what are the prices of crude in the international market along with the foreign exchange rates, the prices of petrol and diesel change daily. On the basis of these standards, oil companies do the work of fixing the petrol rate and diesel rate daily.
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How much share of tax in petrol: In the amount you pay for retail selling petrol and diesel, you are paying tax for 55.5 percent of petrol and 47.3 percent for diesel.
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