July 8. Petrol and diesel rates were hiked today. Petrol rate in Delhi today increased by 35 paise per liter to Rs 100.56 per liter. At the same time, the rate of diesel increased by 9 paise per liter to Rs 89.62 per liter. Government oil companies fix the rates of petrol and diesel every day after reviewing the prices. Indian Oil, Bharat Petroleum and Hindustan Petroleum revise, and issue petrol rates and diesel rates on a daily basis from 6 pm onwards.
Know today’s latest rates in metros
Now the price of 1 liter of petrol in Delhi is Rs 100.56. At the same time, 1 liter diesel is at Rs 89.62 per liter.
Now the price of 1 liter of petrol in Kolkata is Rs 100.62. At the same time, 1 liter diesel is at Rs 92.65 per liter.
Now the price of 1 liter of petrol in Mumbai is Rs 106.59. At the same time, 1 liter diesel is at Rs 97.18 per liter.
Now the price of 1 liter of petrol in Chennai is Rs 101.37. At the same time, 1 liter diesel is at Rs 94.15 per liter.
This is the basis for setting the price
Crude prices in the international market are often influenced by the dollar rate. If the dollar was expensive, buying crude would be more expensive and this increases the cost of petrol and diesel. On this basis, the prices of petrol and diesel are reviewed daily in the country and after that the rates are fixed afresh. This work is done by petroleum companies in the country.
Know what is the share of tax in petrol
More than half of the money people pay for petrol and diesel sold in the market, is in the form of tax from the central government and the states. It is estimated that 55.5 percent tax on petrol and 47.3 percent tax on diesel is collected from people.
Petrol pump dealer’s commission makes fuel expensive
Petrol pump dealers in the country also charge their commission per liter on petrol and diesel. Its cost also gets added to the rate of petrol and diesel, making it costlier.