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Fuel Prices Hike Again After A Day’s Gap

Fuel Prices Hike Again After A Day’s Gap

The demand for petrol and diesel is also increasing due to the continuously decreasing corona cases. Government oil companies have increased the price of petrol and diesel again today on June 16. Petrol, which is getting expensive, is currently being sold beyond Rs 107 a liter in some cities. Let us inform that today the price of petrol has increased by 25 paise per liter, while the price of diesel has increased by up to 13 paise. Today, the price of one liter of petrol in Delhi is Rs 96.66 and that of diesel is Rs 87.41.

  • Petrol in Delhi Rs 96.66 and Diesel Rs 87.41 per liter
  • Petrol in Mumbai Rs 102.85 and Diesel Rs 94.84
  • Petrol in Kolkata Rs 96.58 and Diesel Rs 90.25
  • Petrol price in Chennai is Rs 97.91 and Diesel at Rs 92.04

State-owned oil companies last increased the price of diesel by 17 paise per liter on 27 February 2021. After this, from May 4 till now, the price of diesel has increased by Rs 6.63 per liter in 25 days intermittently.

Petrol and diesel prices change every day at 6 am. The new rates are applicable from 6 am onwards. After adding excise duty, dealer commission and other things to the price of petrol and diesel, its price almost doubles.

On the basis of these parameters, oil companies do the work of fixing petrol rate and diesel rate daily. Dealers are people running petrol pumps. They sell petrol themselves at retail prices to the consumers end after adding taxes and their own margins. This cost is also added to the petrol rate and diesel rate.

This is the 25th increase in the prices of petrol and diesel since May 4. Due to which the prices of petrol and diesel have reached a historic high across the country. This is the fourth consecutive week that the demand for crude oil is increasing. Because of this, the price of crude oil has gone up to $ 74 per barrel. This is the highest level in three years. Earlier in July 2018, it had crossed $73.

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