Petrol Diesel Price Today 12 February 2021: Petrol price in the national capital was Rs 88 per liter Friday. State-owned oil companies increased petrol and diesel prices for the fourth consecutive day. According to the company, petrol prices have been hiked by 29 paise a liter and diesel by 38 paise a liter. After that, petrol prices in Delhi are priced at Rs 88.14 per liter and in Mumbai it is Rs 94.64 per liter. Petrol and diesel prices will be around Rs 1.20 per liter in four days. Petrol and diesel prices vary in different states depending on local tax and freight forwarding. Oil Minister Dharmendra Pradhan said in the Rajya Sabha that the government is not considering reducing the excise duty to provide relief to the oil company. In the international market, crude oil prices have crossed $ 61 a barrel for the first time in a year.
Look at the price of petrol and diesel being sold in major cities today…
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| Name of the city | Petrol (Rs / liter) |
Diesel (Rs / liter) |
| Mumbai | 94.64 | 85.32 |
| Chennai | 90.44 | 83.52 |
| Kolkata | 89.44 | 81.96 |
| Delhi | 88.14 | 78.38 |
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. Diesel and petrol rates may be around Rs 27 per liter, excluding central government excise and VAT, but neither the central nor the state government can remove the tax at any cost. Because the bulk of the revenue comes from here. This money leads to growth. Explaining that Petroleum Minister Dharmendra Pradhan in a written reply to the Rajya Sabha on Wednesday said that the central government’s excise share in petrol prices in Delhi is Rs 32.98. At the same time, the state government’s share of sales tax or value added tax (VAT) is Rs 19.55.
Prices are set every morning
In fact, petrol and diesel prices fluctuate daily 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 To 9224992249 and to HPCL customers HPPRC Can be sent to 9222201122. BPCL customers RSP You can send the number to 9223112222.
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