There is no change in the price of petrol and diesel by government oil companies today. Petrol and diesel rates in Delhi, Mumbai and Chennai and Kolkata are the same as earlier. On July 3, 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.
Petrol is being priced at Rs 80.43 per litre in Delhi today. The price of diesel is being Rs 73.56 per litre. According to information received from the IOCL website, the price of 1-litre petrol in Kolkata, Mumbai and Chennai is being Rs 82.05, 87.19 and 83.63 per litre respectively. If we talk about diesel, its rate in these metros is going to be 77.06, 80.11 and 78.86 respectively.
There is a change in the prices of petrol and diesel every day at 6 am. The new rates are implemented from 6 am. After adding excise duty, dealer commission and other things to the rates of petrol and diesel, its price almost doubles. Petrol and diesel prices are changed every day based on what the prices of crude are in the international market along with the foreign exchange rate. On the basis of these standards, oil companies do the work of fixing the petrol price and diesel price daily. The dealers are the people running the petrol pumps. They sell petrol at retail prices after adding taxes and their own margins. This cost is also added to the petrol price and diesel price.
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