Due to the lockdown, petrol and diesel prices have not changed in the country today

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पेट्रोल पंप

Business Desk, Web4Study, New Delhi
Updated Mon, 27 Apr 2020 10:14 AM IST

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The lockdown continues in the country due to Corona virus, due to which the movement is stalled and the demand for petrol and diesel has stopped. Its effect is being seen in every sector. There has also been a huge reduction in the demand for crude oil, due to which the storage space with the countries has been exhausted. In India, the price of petrol and diesel has not changed for many days.

Price is so high in major metros
According to the IOCL website, the price of one liter of petrol in Delhi, Kolkata, Mumbai and Chennai today is 69.59, 73.30, 76.31 and 72.28 respectively. Talking about diesel, its prices in Delhi, Kolkata Mumbai and Chennai are 62.29, 65.62, 66.21 and 65.71 respectively.

Price changes at six o’clock every day
Please tell that the price of petrol and diesel changes at six in the morning every day. The new rates are applicable from 6 o’clock in the morning. After adding excise duty, dealer commission and other things to the price of petrol and diesel, its price almost doubles.

How is the price of oil fixed?
Petrol and diesel prices change daily, depending on what the crude prices are in the international market along with foreign exchange rates. On the basis of these standards, the oil companies do the work of fixing the petrol rate and diesel rate daily. The dealers are the people running the petrol pumps. They sell themselves at retail prices to consumers after adding taxes and their own margins to consumers. This cost is also added to the petrol rate and diesel rate.

The lockdown continues in the country due to Corona virus, due to which the movement is stalled and the demand for petrol and diesel has stopped. Its effect is being seen in every sector. There has also been a huge reduction in the demand for crude oil, due to which the storage space with the countries has been exhausted. In India, the price of petrol and diesel has not changed for many days.

Price is so high in major metros

According to the IOCL website, the price of one liter of petrol in Delhi, Kolkata, Mumbai and Chennai today is 69.59, 73.30, 76.31 and 72.28 respectively. Talking about diesel, its prices in Delhi, Kolkata Mumbai and Chennai are 62.29, 65.62, 66.21 and 65.71 respectively.

Price changes at six o’clock every day
Please tell that the price of petrol and diesel changes at six in the morning every day. The new rates are applicable from 6 o’clock in the morning. After adding excise duty, dealer commission and other things to the price of petrol and diesel, its price almost doubles.

How is the price of oil fixed?
Petrol and diesel prices change daily, depending on what the crude prices are in the international market along with foreign exchange rates. On the basis of these standards, the oil companies do the work of fixing the petrol rate and diesel rate daily. The dealers are the people running the petrol pumps. They sell themselves at retail prices to consumers after adding taxes and their own margins to consumers. This cost is also added to the petrol rate and diesel rate.

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