Petrol prices have shocked the people. The higher the use of petrol and diesel in the country, the higher the price. Now a report by Credit Suisse claimed that people may face another setback in the coming days. Even if it is cheap sometimes, it does not have much effect on our pockets. This is because oil companies can increase petrol price by Rs 5.5 per liter and diesel price by Rs 3 per liter to meet the deficit.
The report released by Credit Suisse states that companies will now focus on improving their marketing margins due to the rising price of crude oil in the international market. If oil companies want to maintain their margins at the level of FY 2019-20, then they will have to increase the retail price of diesel by Rs 2.8 to Rs 3 per liter and petrol price by Rs 5.5 per liter.
Today, the price increased for the second consecutive day
It may be known that petrol and diesel prices have increased for the second consecutive day on behalf of the state oil companies. The price of petrol has increased by 19 paise, while the price of diesel has increased by 21 paise per liter. The price of petrol in Delhi is Rs 90.55 while the price of diesel is Rs 80.91 per liter. At the same time, the price of petrol in Mumbai is Rs 96.95 and the price of diesel is Rs 87.98 per liter.
Price is decided based on these standards
Let us know that the price of petrol and diesel changes at six o'clock in the morning. The new rates are applicable from 6 a.m. After adding excise duty, dealer commission and other things to the price of petrol and diesel, its price almost doubles.
Based on 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 gasoline at retail prices to consumers after adding taxes and their margins. This cost is also added to the petrol rate and diesel rate.
PM Modi Visit Varanasi: PM Modi will gift 37 development projects to the state today, will make the election conch sound in a public meeting
Today, on the second day of his visit to Kashi, Prime Minister Narendra Modi will gift 37 projects worth Rs 19,150 crore to the people of the state. Along with this, PM will address the public meeting
Salaar Day 12 Box Office Report: The buzz about the earnings of Prabhas's 'Salaar' continues, this is the collection on the 12th day
Salaar Day 12 Collection In India: Veteran South Cinema filmmaker Prashant Neel's most awaited movie 'Salaar Part-1 Ceasefire' has made a splash in terms of earnings. Within 11 days of its release,
Political turmoil in Pakistan: Hearing in Supreme Court on the dissolution of assembly today, Election Commission said - it is impossible to hold general elections in 3 months
After the no-confidence motion was rejected and the National Assembly was dissolved, the matter has now reached the Supreme Court. The opposition has raised questions on the Speaker's decision to
Animal Collection Day 5: 'Animal' broke the records of these films, Ranbir Kapoor's film reached here in just 5 days
Animal Collection Day 5: Not even a week has passed since the release of the film Animal, which made a good entry at the box office, but the business of the movie in such a short period is worth
Pakistan: Rumors of earthquake now spread in Pakistan, people across the country in the shadow of panic
The people of Pakistan, who are living in a severe economic crisis, lack of essential things, and political upheaval, are now under the threat of an earthquake. Along with the videos and pictures of
Bluntly: External Affairs Minister S Jaishankar broke his silence on India-China relations, said - this time the answer...
External Affairs Minister S Jaishankar's statement has come to the fore amidst the long-standing conflict between India and China. He said that India has put its stand very clearly in front of China,
Pahalgam Attack: India took five big decisions, canceled visas of Pakistani citizens; Attari border also closed
After the terrorist attack in Pahalgam in South Kashmir, many major decisions have been taken in the meeting of the Cabinet Committee on Security (CCS). Foreign Secretary Vikram Misri gave this
Due to global pressure, the Chinese media is hiding the figures of people who died of Covid, the difference between the claims of the government and the reality
Due to global pressure amid increasing cases of corona infection, the Chinese media has now started downplaying the seriousness of the infection. The infection data provided by China has come under
Jammu Kashmir: Questions asked from MHA regarding the 'security' cover of former governors got this answer
What kind of security cover the former governors of Jammu and Kashmir have got, for how long have they been given security, and how many retired governors are getting security till now, the Union Home
Bholaa Worldwide Box Office: Ajay Devgan's Bholaa tightens its waist amid falling business, races towards 100 crore club
Bholaa Worldwide Collection Day 13: Ajay Devgn's Bholaa is trying its best to show its mettle at the box office. Despite the tough competition from the South, the film is continuously trying to
