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.
Tensions over Taiwan have reached a peak. China has become very aggressive in protest against the
Defending the decision to levy GST on packaged goods and food items, Revenue Secretary Tarun Baja
Report: US President will host dinner for PM Modi, know when the Prime Minister may visit
US President Joe Biden may host a dinner for Prime Minister Narendra Modi in the middle of this y
Aam Aadmi Party is seen emerging rapidly in the politics of the country. After the victory in Del
The United States on Thursday declared monkeypox a public health emergency. According to US Healt
After impressing the world with her power-packed performances in films, Kajol is all set to foray
DGCA Action: DGCA's big action on SpiceJet, 50 percent flights banned for 8 weeks
Action Against SpiceJet: The Directorate General of Civil Aviation (DGCA), taking major action on
There were three earthquakes in Rajasthan's Jaipur city on Friday morning. According to the Natio
Ujjain Rape Case: A case of embarrassing humanity has come to light in the city of Baba Mahakal,
A unique problem has arisen before the Goa CBI. Four to five officers have only four to five corr