Inflation fire on petrol and diesel calmed for third consecutive day, heavy drop in crude oil

Petrol Diesel Price Today 20 July 2021: Inflation fire on petrol and diesel for the third day is calm. On Tuesday, petroleum companies released petrol and diesel at a new rate. According to the new rate, there are no changes in the price of oil. Petrol at the Indian Oil Pump in Delhi is still priced at Rs 101.84 per liter. Diesel is also being sold at Rs 89.87 per liter. But, crude oil is flat Monday. Brent crude fell 6.71 percent to $ 68.62 a barrel compared to the previous day. At the same time, US West Texas Intermediate or WTI crude also fell 7.63 percent to 6 66.42 per barrel.

The government has raised Rs 24,23,020 crore

Revenue from excise duty on petrol, diesel and natural gas rose from Rs 53,090 crore in 2013-14 to Rs 2,95,201 crore in April 2020-21, the central government said in Parliament. The total revenues for the year 2013-14 were Rs 12,35,870 crore, which has now increased to Rs 24,23,020 crore.

See what petrol and diesel are selling at today’s major cities …

Name of the city Petrol Rs / liter Diesel Rs
Ranchi 96.68 94.84
Chandigarh .. 97.93 89.5
Agra 98.32 89.96
Lucknow 98.92 90.26
Chennai 101.49 94.39
Delhi 101.84 89.87
Kolkata 102.08 93.02
Patna 104.25 95.57
Bangalore 105.25 95.26
Mumbai 107.83 97.45
Jaipur 108.71 99.02
Absolutely 108.89 97.1
Bhopal 110.2 98.67
Indore 110.28 98.76
Reva 112.41 100.71
Anupura 112.78 101.05
Sri Ganga Nagar 113.21 103.15

Source: IOC

Petrol and diesel rates will thus be increased

Once excise duty, dealer commission and other items are added to the price of petrol and diesel, its price will double. If the central government excise tariffs and the state governments’ VAT is removed, the diesel and petrol rates could be around Rs 27 per liter, but whether it is the central or state government, both taxes cannot be eliminated at any cost. Because the bulk of the revenue comes from here. This money will lead to development.

Prices are set every morning

In fact, petrol and diesel prices fluctuate on a daily basis based on crude prices in the international market along with foreign exchange rates. Oil market companies set petrol and diesel prices every day after checking prices. Indian Oil, Bharat Petroleum and Hindustan Petroleum revise petrol and diesel rates at 6am every morning.

Find petrol and diesel rates in your city

You can also check the price of petrol and diesel by SMS every day in your city. Indian Oil (IOC) customers can send RSP to 9224992249 and HPCL customers to HPPRIC to 9222201122. BPCL customers can send RSP to 9223112222.

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