Petrol-diesel price not yet changed for 17 days now despite the high change in crude oil price

Oil marketing companies are not changing the price of petrol and diesel. The prices that were on 16 March remain the same today. There has been no change in the price of petrol and diesel in the country for the 17th consecutive day on Thursday. That is, today, customers will have to pay the price for one liter of petrol and diesel the same as on Wednesday.

Coronavirus has become a matter of concern for the whole world. The number of patients in India is constantly increasing. Because of this, the complete lockdown has been announced in India till 14 April. People are not getting out of their homes. Very few vehicles are visible on the roads. This has a direct impact on the demand for petrol and diesel. Petrol and diesel prices have fallen by only about six rupees per liter since January 2020. Meanwhile, only one change was observed in Kolkata on April 1, which was a change of 1 Rs. The petrol price in Kolkata increased by Rs 1.01 and diesel by Rs 1.

Let’s know according to IOCL’s website, how much rupees a liter oil will get to customers in the country. Price is so high in major metros.

Meanwhile, only one change was observed in Kolkata on April 1, which was a change of Rs. The petrol price in Kolkata increased by Rs 1.01 and diesel by Rs 1. 

Let’s know according to IOCL’s website, the prices of one-liter oil 

Prices of oil in major cities

According to the website of IOCL, Delhi today, the price of a liter of petrol in Delhi, Mumbai, and Chennai: 69.59, 73.30, Rs 75.30 and 72.28 respectively. Talking about diesel, its prices in Delhi, Kolkata, Mumbai, and Chennai are 62.29, 65.62, 65.21 and 65.71 respectively. 

Crude oil reached low by 17 years 

In the US, West Texas Intermediate fell 5.3 percent to $ 20 per barrel and international standard Brent crude fell 6.5 percent to $ 23. Indeed, to prevent the spread of the coronavirus, governments around the world are resorting to lockdown and travel restrictions have been imposed, leading to heavy pressure on crude oil. Its demand has decreased.

To know the price of petrol in your city

Know how much is the price of petrol and diesel in your city, you can know it simply by sending an SMS. According to the website of IndianOil, you have to write RSP and your city code and send it to number 9224992249. The code for each city is different, which you will get from the IOCL website.

Price may increase at any time

It is known that the Central Government has amended the law and has acquired the right to increase the excise duty on petrol and diesel by eight rupees per liter. That is, in the future, excise duty on petrol and diesel can be increased by eight rupees per liter. This will directly affect the common man as he will have to pay more for one liter of petrol and diesel.

Price changes at six o’clock every day.

The price of petrol and diesel changes at six o’clock every day. 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.

This is the basis for fixing the price

Petrol and diesel prices change daily, depending on what the crude prices are in the international market along with foreign exchange rates. Based on these standards, the oil companies do the work of fixing the petrol rate and diesel rate daily.

Dealers also add their margin

dealers are people running petrol pumps. They sell themselves at retail prices to consumers after adding taxes and their margins to consumers. This cost is also added to the petrol rate and diesel rate.