(Pooja Dubey, Intern Journalist) There has been no change in the prices of petrol and diesel from the state oil companies today. On Tuesday, the price of diesel has been reduced from 13 to 15 paise, while the reduction in the petrol price by 7 to 8 paise has been maintained. Earlier, 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 Rs 73.56 per liter in the market.
The price of petrol and diesel changes at six o’clock in the morning. The new rates are applicable from 6 am. 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 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 petrol at retail prices to consumers after adding taxes and their own margins. This cost is also added to the petrol rate and diesel rate.
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