(Pooja Dubey, Intern Journalist) There is no change in the price of petrol and diesel by government oil companies today. Petrol and diesel prices in Delhi, Mumbai, and Chennai and Kolkata remain the same.
However, on July 30, the Delhi government had reduced the price of diesel by Rs 8.36 due to which the price of diesel in Delhi was increased to Rs 73.56 per liter in the market.
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.
Petrol and diesel prices change every day, depending on what the crude prices are in the international market along with foreign exchange rates.
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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