Petrol Diesel Price Today 12th Feb 2021: Petrol price in the national capital has crossed Rs 88 per liter on Friday. Government oil companies have increased the prices of petrol and diesel for the fourth consecutive day. According to the notification of the companies, the price of petrol has been increased by 29 paise per liter and the price of diesel by 38 paise per liter. After this, the price of petrol in Delhi was Rs 88.14 per liter and in Mumbai it was Rs 94.64 per liter. Petrol-diesel prices have increased by about Rs 1.20 per liter in four days. Petrol and diesel prices vary in different states depending on local taxes and freight. In the Rajya Sabha, Oil Minister Dharmendra Pradhan said that the government is not considering reducing excise duty to give relief in oil prices. In the international market, the price of crude oil has exceeded $ 61 per barrel for the first time in the last one year.
See at what price petrol and diesel are being sold in major cities of the country today…
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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 excluding the excise duty of the Central Government and the VAT of the State Governments, 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.