Oil marketing companies are not changing the price of petrol and diesel. The prices that were on 16 March remain the same today. There has been no change in the price of petrol and diesel in the country for the 12th consecutive day on Saturday.
That is, today customers will have to pay the price for one liter of petrol and diesel on Friday. Corona virus has become a matter of concern for the whole world. The number of its patients in India is constantly increasing.
In view of this, complete lockdown has been announced in India till 14 April. People are not getting out of homes. Very few vehicles are visible on the roads. This has a direct impact on the demand for petrol and diesel.
Crude oil prices have fallen nearly 60 percent since January 2020. At the same time, the prices of petrol and diesel have fallen by only about six rupees per liter since January 2020.
Let’s know according to IOCL’s website, how much rupees a liter oil will get to customers in the country.
Price is so high in major metros
According to the IOCL website, the price of one liter petrol in Delhi, Kolkata Mumbai and Chennai today is 69.59, 72.29, 75.30 and 72.28 respectively. Talking about diesel, its prices in Delhi, Kolkata Mumbai and Chennai are 62.29, 64.62, 65.21 and 65.71 respectively.
Price may increase at any time
It is known that the Central Government has amended the law and has acquired the right to increase the excise duty on petrol and diesel by eight rupees per liter. That is, in future, excise duty on petrol and diesel can be increased by eight rupees per liter. This will directly affect the common man as he will have to pay more for one liter of petrol and diesel.
Price changes at six o’clock every day
Please tell that 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.
This is the basis for fixing the price
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.
Dealers also add their margin
The dealers are the people running the petrol pumps. They sell themselves at retail prices to consumers after adding taxes and their own margins to consumers. This cost is also added to the petrol rate and diesel rate.