Latest price of petrol 6 June 2021: Oil companies have once again raised petrol and diesel prices on Sunday, causing petrol to hit Rs 101 per liter in Mumbai and Rs 95 in Delhi for the first time.
Petrol prices have been hiked by 27 paise and diesel by 31 paise. From May 4 to date, petrol and diesel prices have been increased for 19 days, with no change in the price for the remaining 15 days. Petrol in Delhi was Rs 4.63 per liter and diesel Rs 5.22 per liter.
According to Indian Oil Corporation, petrol prices in the national capital of Delhi and Mumbai rose by 27-27 paise to Rs 101.25 per liter from Rs 95.03 a barrel.
Diesel is expensive by 29 paise in Delhi and 31 paise in Mumbai. The price of a liter of diesel in Mumbai has risen to Rs 93.30 and Rs 85.95 in Delhi.
Petrol rises by 26 paise in Kolkata Diesel was down 29 paise to Rs 88.80 a liter. Petrol prices in Chennai are up 24 paise and diesel is up 28 paise. There is a liter of petrol for Rs 96.47 and a liter of diesel at Rs 90.66.
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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 refine petrol and diesel rates every day at 6am.