There is no change in the prices of petrol and diesel by the government oil companies today. Petrol and diesel rates in Delhi, Mumbai and Chennai and Kolkata are same as before. But 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 liter in the market.
Petrol price in Delhi today is Rs 80.43 per liter. The price of diesel is Rs 73.56 per liter. According to information received from the IOCL website, the price of 1 liter petrol in Kolkata, Mumbai and Chennai is 82.05, 87.19 and 83.63 per liter respectively. Talking about the price of diesel, its rates in these metros are 77.06, 80.11 and 78.86 respectively.
The prices of petrol and diesel change every day at six in the morning. New rates are applicable from 6 am. After adding excise duty, dealer commission and other things to the rates of petrol and diesel, its rate almost doubles. Petrol and diesel prices change daily depending 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 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 to the last of the consumers. This cost is also added to the petrol price and diesel price.
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