Petrol Diesel Price: Petrol-diesel prices increased for the second consecutive day, Union Minister Dharmendra Pradhan told the reason

For the second consecutive day, the prices of petrol and diesel have been increased by the state-owned oil companies. Diesel price has increased by 26 to 27 paise, while petrol price has also increased by 27 to 28 paise.

Today in Delhi, the price of petrol is Rs 95.31 while the price of diesel is Rs 86.22 per liter. The price of petrol in Mumbai is Rs 101.52 and the price of diesel is Rs 93.98 per liter. Petrol and diesel prices across the country reached new highs on Tuesday after increasing vehicle fuel prices for the 17th time in a month.

Dharmendra Pradhan told the reason for the increase in price

Petroleum Minister Dharmendra Pradhan said that the prices of petroleum products have increased. The main reason for this is that the price of crude oil has exceeded the US $ 70 (per barrel) in the international market. This negatively affects the consumers of the country, as India imports 80 percent of its oil requirement.

Price varies daily at 6 pm

Let us tell you that the prices of petrol and diesel change every day at 6 am. The new rates are applicable from 6 am onwards. After adding excise duty, dealer commission, and other things to the price of petrol and diesel, its price almost doubles.

Based on these parameters, oil companies do the work of fixing petrol rates and diesel rates daily. Dealers are people running petrol pumps. They sell petrol themselves at retail prices to the consumers end after adding taxes and their margins. This cost is also added to the petrol rate and diesel rate.

Know how much is the price in your city

You can also know the price of petrol and diesel through SMS. According to the IndianOil website, you have to write RSP and your city code and send it to the 9224992249 number. The code for each city is different, which you will get from the IOCL website.