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New Delhi18 minutes ago
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Rising prices of petrol and diesel have removed the oil of the common man. Today their prices have increased for the second consecutive day. In many areas of the country, the price of one liter of petrol has crossed Rs 100. Petrol has crossed Rs 100 per liter in all the districts of Madhya Pradesh, Maharashtra and Rajasthan. Talking about Delhi, petrol has become costlier by 26 paise to 94.49 and diesel by 23 paise to Rs 85.38 per liter.
Petrol and diesel prices in major cities of the country
|City||Petrol (Rs / liter)||Diesel (Rs/Litre)|
|Shri Ganga Nagar||105.52||98.32|
Petrol became costlier by Rs 3.83 and diesel by Rs 4.42 in May
Talking about the month of May, the price of petrol and diesel increased 16 times in this. Petrol has become costlier by Rs 3.83 and diesel by Rs 3.88 during this period. Before this month, petrol was selling at Rs 90.40 and diesel at Rs 80.73 per litre.
Talking about this year, on January 1, petrol was at 83.97 and diesel at 74.12, which is now at Rs 94.49 and Rs 85.38 per liter. That is, petrol has become costlier by Rs. 10.52 and diesel by Rs. 11.26 in less than 5 months.
Double tax on petrol in India compared to Pakistan
Petrol is available in the neighboring country of Pakistan for 52 rupees a liter. Although petrol-diesel is not expensive in our country, but it becomes very expensive after the government imposes tax. In our country, the base price of petrol and diesel is still around Rs 33. But the central and state governments impose tax on it and reach it at 100 rupees.
On this, the central government is charging Rs 33 excise duty. After this, the state governments charge VAT and cess on their own, after which their price has increased up to 3 times from the base price. Talking about Pakistan, there is a total tax of Rs 21.04 per liter on petrol. Whereas in India more than Rs 54 is taxed.
Tax math in the price of petrol and diesel
note: These figures are based on the price of petrol and diesel in Delhi on 1 June.
Wholesale inflation rising due to expensive petrol and diesel
The wholesale price index (WPI) was 10.49% in the previous month ie in April. Whereas in March it was 7.39%. According to the latest data from the Ministry of Commerce, WPI has increased by 3.1% in a month. The statement of the ministry said that due to expensive crude petroleum and mineral oils, petrol and diesel, the wholesale prices of commodities are increasing.
Crude oil market boom
The US economy has almost opened up. Along with this, life is returning to normal in European countries as well. This is increasing the demand for petroleum products. This is the reason why crude oil prices are rising these days. Brent crude in the US was up $ 0.89 at $ 69.70 a barrel on the first trading day of this week. US West Texas Intermediate or WTI Crude (WTI) also climbed $ 0.38 to $ 67.21 a barrel.
Petrol and diesel rates are decided daily
Oil marketing companies fix petrol and diesel rates daily after reviewing prices. Indian Oil, Bharat Petroleum and Hindustan Petroleum change petrol and diesel rates at 6 am.
You can also know the rate of petrol and diesel through SMS. Indian Oil customers will have to send the RSP space petrol pump code to 9224992249 and BPCL consumer RSP to 9223112222 number. At the same time, HPCL customers can know today’s price by sending ‘HPPrice’ to the number 9222201122.