Petrol Diesel Price Today 4 May 2021: Following the election results of the five states, new prices of petrol and diesel are on the rise. After 18 days, as of Tuesday morning, oil prices were up in all major cities, including Mumbai and Delhi. In Delhi, petrol will cost Rs 90.55 per liter on Tuesday and Rs 80.91 per liter on diesel. Petrol on Tuesday increased by 15 paise and diesel by 16 paise.
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(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 excludes excise duty and state governments’ VAT, diesel and petrol rates may be around Rs 27 per liter, but neither central nor state government can remove the tax at any cost. Because the bulk of the revenue comes from here. This money leads to growth.
Prices are set every morning
In fact, petrol and diesel prices fluctuate every day depending on the foreign exchange rates and the crude prices in the international market. 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 RSP You can send the number to 9224992249 and HPCL customers can contact HPPRC Can be sent to 9222201122. BPCL customers RSP You can send the number to 9223112222.