Petrol and diesel prices saw marginal hike on Thursday, January 2. (Photo Credit: File Photo)
Petrol and diesel prices saw marginal hike on Thursday, January 2. According to the Indian Oil website, the prices of petrol and diesel have increased by up to 30 Paise per litre across the country. As per the revised prices, the petrol rates are Rs 75.25 per litre in Delhi, Rs 80.87 per litre in Mumbai, Rs 77.87 per litre in Kolkata, and Rs 78.20 per litre in Chennai, respectively. On the other hand, the diesel prices in Delhi, Mumbai, Kolkata, and Chennai remained at Rs 68.10, Rs 71.43, Rs 70.49, and Rs 71.98 per litre, respectively.
In Noida, petrol is retailing at Rs 76.46 a litre, while diesel price is Rs 68.39 a litre. The price of petrol in Gurugram is Rs 74.67 a litre while diesel was selling at Rs 67.09 a litre.
How To Get Petrol, Diesel Rates Via SMS
You can check the latest rate of petrol and diesel via SMS. IOC customers can send RSP to 9224992249, BPCL users can message RSP at 9223112222 and HPCL customers can send HPPRICE to 9222201122 for the latest prices.
Why Petrol, Diesel Prices Change Every Day?
The fuel prices are in India are revised daily. Petrol and diesel prices are revised every day at 06:00 am to sync it with the variation in global oil prices. Oil marketing companies (OMC) review the global fuel prices and decide petrol and diesel daily. Indian Oil, Bharat Petroleum and Hindustan Petroleum release the new rates at 6 am every morning. Generally, when international crude oil prices gain, prices in India move higher. Other factors also impact the price of fuel like rupee to US dollar exchange rate, cost of crude oil, global cues, demand for fuel, and so on.
Why Fuel Prices Differ In Every City?
The price of fuel includes excise duty, value-added tax (VAT), and dealer commission. As VAT varies from state to state, the price of fuel is different in every city.