There has been no increase in the price of petrol and diesel from government oil companies today. Earlier, on 30 July, the Delhi Government had cut the rate of diesel by Rs 8.36, due to which the rate of diesel in Delhi was reduced to Rs 73.56 per litre in the market.
According to information received from IOCL, today the price of 1-litre petrol and diesel in Delhi, Kolkata, Mumbai and Chennai is like this. Diesel 73.05 in Delhi, Petrol Rs 81.99, Diesel 76.55 in Kolkata, Petrol Rs 83.49, Mumbai Diesel 79.57, Petrol Rs 88.64, Chennai Diesel 78.38, Petrol Rs 84.96.
There is a change in the prices of petrol and diesel every day at 6 am. The new rates are applicable from 6 am. After adding excise duty, dealer commission and other things to the rates of petrol and diesel, its rate almost doubles. Petrol and diesel prices change every day depending on what the prices of crude are in the international market along with foreign exchange rates.
On the basis of these standards, the oil companies do the work of fixing the petrol price and diesel price daily. People who run petrol pumps are dealers. They sell petrol at retail prices after adding taxes and their own margins to the last of the consumers. This cost is also added to the petrol price and diesel price.
