Petrol-Diesel price hike: Diesel becomes costlier than Petrol for the first time
The price of diesel increased for the 18th consecutive day in the country, but today there is no change in the price of petrol. This is the first time in Delhi that the price of diesel has become more expensive than petrol. In the last 18 days, the price of diesel has increased by a total of Rs 10.48 per liter and petrol has become costlier by Rs 8.50 per liter. In the international market, diesel prices have risen amid a slight rise in crude oil prices.
Petrol Diesel price in Metros
Today, one liter of diesel has increased by 0.48 paise in Delhi. After this, the price of petrol in Delhi was Rs 79.76 per liter. At the same time, the price of diesel was Rs 79.88 per liter. According to information from IOCL’s website, the price of one liter of petrol in Kolkata, Mumbai and Chennai is 81.45, 86.54 and 83.04 per liter respectively. Talking about diesel, its price in these metros is Rs 75.06, 78.22 and 77.17 respectively.
Earlier on Tuesday, the price of petrol had increased by 20 paise in Delhi and its price had increased to Rs 79.76. At the same time, the price of diesel was increased by 55 paise and it was increased to Rs 79.40 per liter.
Price changes at six A.M every day
The price of petrol and diesel changes at six in the morning every day. The new rates are applicable from 6 o’clock in the morning. After adding excise duty, dealer commission and other things to the price of petrol and diesel, its price almost doubles.
How is the price of oil determined?
Petrol and diesel prices change daily, depending on what the crude prices 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 rate and diesel rate daily. The dealers are the people running the petrol pumps. They sell petrol at retail prices to consumers after adding taxes and their own margins. This cost is also added to the petrol rate and diesel rate.
