Petrol Price Today: petrol Petrol and Diesel prices were increased by 25 paise per liter on Monday. With this, the price of petrol in the capital (Petrol Price) reached close to Rs 85 per liter while in Mumbai, the price of diesel (Diesel Price) reached close to Rs 82 per liter. According to the notification issued by the public sector oil marketing companies, the price of petrol in Delhi reached an all-time high at Rs 84.95 per liter while the price of diesel rose to Rs 75.13 per liter. On Monday, this increase in the price of petrol and diesel has taken place after remaining the status quo for three days. The price of vehicle fuels was earlier increased by 50 paise per liter in two installments on 13 and 14 January. Petrol price in Mumbai has reached an all-time high of Rs 91.56 per liter. The price of diesel has also increased to Rs 81.87 a liter. Earlier on 4 October 2018, the price of petrol in Mumbai was the highest at Rs 91.34 per liter, while the price of diesel also reached a record high.
Public sector companies – Indian Oil Corporation Limited (IOC), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) – started revising petrol, diesel prices daily from 6 January. This step was taken after the rise in the price of crude oil in the international market.
After the introduction of Corona virus vaccine in various countries, the price of crude oil has increased in the international market in the hope of increasing demand. While there is a policy to revise the prices of petrol and diesel on a daily basis in line with the international market benchmark prices, the government controlled public sector oil companies have been keeping their prices under control since the outbreak of the Corona virus epidemic last year. Huh.
At the time of the outbreak of the Korana virus epidemic, the prices of crude oil in the international market had fallen significantly. In April 2020, their average price was in the range of $ 19 per barrel. This is the reason that in order to keep the price of petrol and diesel in the domestic market under control, the government adjusted the decline in the international market by increasing the excise duty of petrol by Rs 13 per liter and diesel by Rs 15 per liter.
At present, the price of one liter of petrol is Rs 32.98, while in Delhi it is VAT of Rs 19.32 per liter. At the same time, the price of diesel includes excise duty of Rs 31.83 while VAT of Rs 12.84 is charged. This has been shown in the price notification of oil companies.
Petrol diesel becomes expensive again in metros
(This news has not been edited by the NDTV team. It is published directly from the Syndicate feed.)