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Petrol, Diesel Hiked Again

Petrol, Diesel Hiked Again

Every other day the prices of petrol and diesel are being increased by the oil companies. After a day’s relief, today the price of petrol has increased by 27 to 28 paise and diesel by 26 to 28 paise per liter. Today petrol is being sold in Delhi for Rs 97.50 and diesel at Rs 88.23 per liter. In Mumbai, the price of petrol and diesel has reached its highest level of Rs 103.63 and Rs 95.72 per liter.

Petrol prices have come very close to hitting the century mark across the country. Extending the range of historically high prices, which had already crossed the Rs 100 per liter mark in some cities and towns of Maharashtra, Madhya Pradesh, Rajasthan, Telangana and Andhra Pradesh. There was no change in the price on Monday. In the last week, oil prices had increased on Monday, Wednesday, Friday and Sunday. Petrol and diesel prices were hiked even four days before last week.

Oil prices have increased for 28 days since May 1. 25 days no change. During this, the price of petrol increased by Rs 7.18 per liter. At the same time, diesel became costlier by Rs 7.45.

In Rajasthan, Madhya Pradesh, Maharashtra, Andhra Pradesh, Telangana, Karnataka, Jammu and Kashmir and Ladakh, the retail price of petrol has crossed Rs 100 per liter. Apart from this, petrol has already crossed the Rs 100 per liter mark in metros Mumbai, Hyderabad and Bangalore.

Let us tell you that the prices of petrol and diesel 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.

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