Petrol Diesel Price May 12: Petrol and diesel prices surged again on Wednesday. Petrol already costs Rs 100 per liter in many cities in Maharashtra but also in Rajasthan and Madhya Pradesh. According to the public sector oil marketing companies, the price of petrol today increased by 25 paise per liter and diesel by 27 paise per liter.
During the assembly elections in five states, including West Bengal, public sector oil companies did not check prices for 18 days and the inspection was resumed from May 4. This is the seventh price increase since then. With this increase, petrol and diesel prices have reached record highs. In Delhi, petrol is now available at a price of Rs 92.05 per liter while diesel is priced at Rs 82.61 per liter.
Petrol is costing Rs 100 per liter in many cities in Madhya Pradesh and Rajasthan apart from Maharashtra. Cities like Bhopal and Indore are included in this list. Fuel prices vary from state to state depending on local taxes, such as VAT and freight. Diesel prices have been hiked by Rs 1.67 per liter and diesel by Rs 1.81 per liter in the past week.
|Name of the city||Petrol / liter||
(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 the central nor the state government can remove the tax at any time. Because the bulk of the revenue comes from here. This money leads to growth.
Prices are set every morning
In fact, in addition to foreign exchange rates, petrol and diesel prices fluctuate daily depending on the crude price 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 can send RSP by writing 9224992249 and HPCL customers can send HPPRC to 9222201122. BPCL customers can write to 9223112222 and send RSP.