Digital Desk, New Delhi. Indian oil companies (IOC, HPCL & BPCL) have not made any changes in the prices of petrol and diesel today (Sunday, October 18). This is the 16th consecutive day when fuel prices in the country remain the same. According to the report of the US Energy Information Administration (AEI) last week, the US Crude inventory levels had declined by 3.8 million barrels. However, it has no effect in the domestic market.
Talking about September last month, the price of petrol and diesel is mostly relieved. Sometimes the price of fuel fell and sometimes stability was seen. While the rate of petrol was increased in August and diesel in July before that. Let us know today’s price …
price of petrol
According to the website of Indian Oil, today the price of petrol in the capital of the country is Rs 81.06 per liter. Petrol is getting Rs 87.74 per liter in the financial capital Mumbai. Talk about Kolkata, for a liter of petrol here, you have to pay 82.59 rupees. While in Chennai, petrol will be available for Rs 84.14 per liter.
The price of diesel in Delhi has been increased to Rs 70.46 per liter. Diesel is being sold at Rs 76.86 per liter in Mumbai. In Kolkata you will get one liter diesel available for Rs 73.99. Whereas in Chennai you have to pay 75.95 rupees for one liter diesel.
This is how the price is fixed
Petrol and diesel prices change daily, depending on what the crude prices are in the international market along with foreign exchange rates. Based on these standards, oil marketing companies (OMCs) decide the petrol rate and diesel rate daily. Indian Oil, Bharat Petroleum and Hindustan Petroleum revise petrol and diesel rates at 6 am every day. After adding excise duty, dealer’s commission and other things to the prices of petrol and diesel, the price of oil rises up to double.
Apart from this, for different prices in states, each state imposes different local sales tax or Value Added Tax (VAT) on petrol and diesel. Due to this, the rates of diesel and petrol for consumers change according to the states.