Petrol Diesel Price Today 16th Feb 2021:  Petrol price in the national capital has reached Mangalwal beyond Rs 89 per liter. At the same time, Patrol’s price in Mumbai has come to around 96 rupees. Government oil marketing companies have raised prices of petrol and diesel for the eighth consecutive day. According to the notification of companies, the price of petrol has been increased by 30 paise per liter and the price of diesel by 38 paise per liter. After this, the price of petrol in Delhi was Rs 89.29 per liter and in Mumbai it was Rs 95.75 per liter. Petrol and diesel prices vary in different states depending on local taxes and freight. 

See at what price petrol and diesel are being sold in major cities of the country today…

 

name of the city Petrol (Rs / liter) Diesel (Rs / liter)
Mumbai 95.75 86.72
Chennai 91.45 84.77
Kolkata 90.54 83.29
Delhi 89.29 79.70

Source: IOC

This is how the rate of petrol and diesel increases

After adding excise duty, dealer commission and other things to the price of petrol and diesel, its price almost doubles. If the excise duty of the Central Government and the VAT of the State Governments are removed, then the rate of diesel and petrol would be around 27 rupees a liter, but both the Central or the State Government, can not remove the tax at any cost. Because a large part of the revenue comes from here. This money leads to growth. Explain that Petroleum Minister Dharmendra Pradhan had said in a written reply in the Rajya Sabha on Wednesday that the share of central government excise in the price of petrol in Delhi is Rs 32.98. At the same time, the share of sales tax or value added tax (VAT) of the state government is Rs 19.55. 

Prices are fixed every morning

In fact, the prices of petrol and diesel change daily depending on the price of crude in the international market along with the foreign exchange rates. Oil marketing companies fix petrol and diesel rates daily after reviewing prices. Indian Oil, Bharat Petroleum and Hindustan Petroleum revise petrol and diesel rates at 6 am daily. 

Know the rates of petrol and diesel in your city through SMS

You can also check the price of petrol and diesel in your city daily via SMS. Indian Oil (IOC) consumers can send RSP <Dealer Code> to number 9224992249 and HPCL consumers can send HPPRICE <Dealer Code> to number 9222201122. BPCL consumers can send RSP <Dealer Code> to the number 9223112222. 

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