Today All India Petrol Diesel Price | Daily Petrol Prices Revision in India
Daily petrol prices revision is a better proposition for a number of reasons.
The first and the foremost is that it allows you to easily absorb the changes in daily petrol prices in India by a few paise. When petrol prices are revised or changed every fortnight there is a big variation in prices, which puts great additional pressure on the consumer.
In India, petrol prices are revised by the oil marketing companies like Indian Oil, Bharat Petroleum and Hindustan Petroleum based on international prices. So, when international crude oil prices gain, petrol prices in India move higher and so on. On the other hand, if crude oil prices in the international markets drop, we see a fall in daily or today’s petrol prices in India. In any case, we are providing our readers with the daily petrol prices, so they can plan their requirements of filling petrol accordingly.
Today All India Petrol Diesel Price Check Below
How Petrol Prices Today in India are calculated?
Petrol prices are a function of many things. Among these include the average of the India crude basket, to which is added a host of taxes including value added tax, central excise etc.
At the moment, we have the excise duty levied by the government, which is a staggering Rs 21 per litre. Should this be reduced we might get some respite from very high retail level of fuel and diesel.
The value added tax, differs from state to state. In cities like Mumbai and New Delhi the value added tax is very high, which has resulted in an extremely high prices for both petrol and diesel.
In India, retail prices are determined by the oil marketing companies, bearing all these things in mind. So, the retail price of petrol in India today is determined by the Indian Oil Marketing Company, which is the largest oil marketing company in the country.
For example, it releases the price of petrol everyday at 6 am, wherein it is revised at the petrol pumps in the country. The private sector petrol pumps like Shell also determine their own prices, though they tend to be higher than that of Indian Oil Company, BPCL and HPCL.
After Adding Excise Duty, Dealer Commission And VAT, The Retail asking price Of The Petrol Get Nearly Doubled. Various Factors Impact the worth Of Fuel. These Include Rupee To US Dollar rate of exchange, Cost Of petroleum, Global Cues, Demand For Fuel, And So On. When International petroleum Prices Gain, Prices In India Move Higher.
Petrol And Diesel Price In India Today
The price paid by consumers largely reflects the national pricing policy. Some regions, like Europe and Japan, impose high taxes on gasoline (petrol); others, like Saudi Arabia and Venezuela, subsidize the value. Western countries have among the very best usage rates per person. the most important consumer is us, which used a mean of 368 million US gallons (1.46 gigalitres) every day in 2011.
Diesel Price In India– Today All India Petrol Diesel Price
Diesel Price: Diesel rates in India are revised on a daily basis. Diesel prices are revised at 06:00 a.m. every day. This makes sure that even a minute’s variation in global oil prices can be transmitted to fuel users and dealers. The price of fuel includes excise duty, value-added tax (VAT), and dealer commission. VAT varies from state to state. After adding excise duty, de…
In India effective from June 15, 2017, Diesel prices are to be revised daily. Earlier, Diesel prices used to change every two weeks. Day by day Diesel costs revision is an excellent move to take for various reasons. The first and the most significant about the change in Diesel price is that it enables you to effectively understand the alterations in day by day diesel price in India. At the point when Diesel price is modified or changed every two weeks, there will be a big difference in the price, which puts the big burden on the customer.
Today’s Diesel Price in Indian Metro Cities & State Capitals
Today’s Petrol & Diesel Price in Indian Metro Cities & State Capitals
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