look news india
Daily changes are being seen in fuel prices in the country. Which is directly impacting the pockets of the general public. In big cities like Delhi, Mumbai, Jaipur, Chennai, the prices of petrol and diesel have a huge impact on vehicle owners and the transport industry. Crude oil prices in the international market have once again reached near 71.95 per barrel. WTI crude is trading at $68.18 per barrel. Which has a direct impact on the retail price of fuel in the country.
Effect of tax on fuel prices
The biggest reason for the difference in prices of petrol and diesel across the country is the taxes imposed by the state governments. Each state determines VAT on petrol and diesel accordingly. Due to which changes in fuel prices are being seen in different states.
Petrol and diesel prices are fixed
The rates of petrol and diesel in India are decided on the basis of the international price of crude oil. Fuel prices change every day at 6 am. Petrol and diesel prices change daily depending on foreign exchange regulation as well as the price of crude oil in the international market. Oil marketing companies decide new prices of fuel every day after reviewing the prices. Indian Oil, Bharat Petroleum and Hindustan Petroleum change new rates daily.
Know the prices of petrol and diesel sitting at home
You can know the price of petrol and diesel through SMS sitting at home. If you are an Indian Oil customer then send RSP and your city code to 9224992249. BPCL customer write RSP and city code to 9223112222. Then you will get all the information through SMS. HPCL customers write HP Price and send it to this number 9222201122. Then you will get all the information.
