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Every morning at 6 o’clock, two things related to our lives change – one is the time of the clock, and the other is the rate of petrol and diesel! This is a figure which has a direct impact on our pockets and daily budget. From office goers to vegetable vendors, everyone is connected to it.
Oil companies release these new prices every morning, which are based on the worldwide crude oil prices and the movement of the rupee against the dollar. So let’s see, what is the condition of your car’s tank and your pocket today.
So let’s see what is the price in your city today?
- New Delhi: Petrol ₹94.72, Diesel ₹87.62
- Mumbai: Petrol ₹104.21, Diesel ₹92.15
- Kolkata: Petrol ₹103.94, Diesel ₹90.76
- Chennai: Petrol ₹100.75, Diesel ₹92.34
- Lucknow: Petrol ₹94.69, Diesel ₹87.80
- Jaipur: Petrol ₹104.72, Diesel ₹90.21
- Patna: Petrol ₹105.58, Diesel ₹93.80
- Chandigarh: Petrol ₹94.30, Diesel ₹82.45
But just a minute… why haven’t the rates changed much in the last 2 years?
This question must be coming in your mind that when everything is changing in the world, why are the prices of petrol and diesel stable for almost 2 years? In fact, in May 2022, the central and many state governments had cut taxes. Since then, even though the prices keep going up and down in the international market, the prices have not been disturbed much, giving relief to the general public.
Why is oil so expensive? 5 big reasons
- Crude oil price: We are dependent on crude oil for petrol and diesel, which comes from outside. When its price increases in the world, it also increases here.
- Rupee vs dollar game: We buy oil in dollars. If our rupee weakens against the dollar, we have to pay more to buy oil.
- Government Tax (Biggest Reason!): A large part of the money you pay for petrol goes to the central and state governments in the form of tax. This is the reason why rates are different in every state.
- Refining costs: Money is also spent in converting crude oil into usable petrol and diesel.
- Demand and Supply: It is simple, when the demand for something is high and that thing is in short supply, its price increases.
Find out today’s rate at home through an SMS
You do not need to go to the petrol pump and know the rate. With just one SMS you can get this information from the comfort of your home:
- Indian Oil (IOCL) Customers: Write your city code with “RSP” and 9224992249 Send it to.
- BPCL Customers: Write “RSP” and 9223112222 Send it to.
- HPCL Customers: Write “HPPRICE” and 9222201122 Send it to.
North India Statesman