Petrol and diesel prices are seeing a jump again today. On Thursday, 14 October 2021, petroleum companies have released new rates of petrol and diesel and today the price of petrol in Delhi has increased by 35 paise and diesel by 35 paise. Fuel prices in the country have reached record levels. The most expensive petrol-diesel in the country is being sold in Sri Ganganagar, Rajasthan, then the cheapest in Port Blair.
In many states from Andhra Pradesh, Telangana, Kerala, Karnataka, Chhattisgarh, Odisha, Gujarat, Maharashtra, Madhya Pradesh, Rajasthan, Bihar, the price of diesel has crossed the level of Rs 100 per liter.
Why different rates in each city?
The reason for the different petrol rate in every city is the tax. Actually, the tax rate of different states is different. At the same time, according to every city, there are taxes of municipal corporations, municipalities also, which are also called local body tax. Apart from this, sometimes the tax is also different due to transport. Like there are many places, where it is very difficult to reach oil from the refinery. In such a situation, the price of petrol can be high there.
Prices are fixed every morning
In fact, the prices of petrol and diesel change daily based on the price of crude in the international market along with foreign exchange rates. Oil marketing companies fix the rates of petrol and diesel daily after reviewing the prices. Indian Oil, Bharat Petroleum and Hindustan Petroleum revise the rates of petrol and diesel every day at 6 am.