Record Breakthrough in Petrol and Diesel Prices in India

Record Breakthrough in Petrol and Diesel Prices in India
14 Sep

On Friday, petrol in Delhi increased by 28 paise to 81.28 liters per liter. Diesel also recorded an increase of 22 paise. Due to this, the price of diesel has risen to Rs 73.30 per liter on Friday.

On Thursday, the price of petrol in Delhi was 13 paise, while the rate of diesel was increased by 11 paise. In this way, the price of petrol and diesel in the national capital was Rs 81 per liter and Rs 73.08 per liter respectively.

According to Zee News, on the other hand, the increase in the prices of petrol in Mumbai, also on Friday in Mumbai’s financial capital Mumbai. In Mumbai, prices of petrol increased by 28 paise per liter on Friday. With this, the petrol went up to Rs 88.67 per liter. At the same time, diesel has increased by 24 paise per liter to Rs 77.82 per liter on Friday.

Experts believe that in the coming days, prices of petrol and diesel in Indian markets are going to skyrocket. Rupee is being said as a major reason behind the rise in the prices of petrol and diesel. Due to rupee depreciation, oil companies are constantly changing prices. In fact, companies pay oil in dollars, due to which they had to increase the oil prices to complete their margins. According to the Petroleum companies, separation of the taxes and the dealer’s commission of the Central or State taxes is Rs 40.45 per liter on petrol refinery gate. In diesel case it is Rs. 44.28 liters. Prices of petrol and diesel are higher by the center, the commission paid to the petrol pump dealers and the VAT recovered by the State Governments are higher. The dealers’ commission on petrol currently costs Rs 3.34 per liter and on commission diesel it is 2.52 liters.

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