Free Articles  >>  Politics >> 

Petrol and Diesel Rate In India Petrol price In India Diesel Price In India Delhi Mumbai

Petrol and Diesel Prices Updates
Petrol and Diesel prices in India are revised on a daily basis. With effect from June 15, 2017 petrol prices are revised daily unlike the previous practice of revising petrol prices every fortnight. In India, petrol prices are revised by the oil marketing companies like Bharat Petroleum, Indian Oil and Hindustan Petroleum based on the international prices. These prices are revised at 6 am every day.
Petrol & Diesel Price In Mumbai
Final retail selling price in India is the sum of cost of crude oil, exercise duty, VAT and Dealer commission. Domestic petrol prices vary from state to state in India as VAT varies in different states. Retail fuel prices in India end up double the cost of crude oil due to taxes levied by central and state governments. The reason behind difference in fuel rates in different cities is Logistics. Logistics also plays an important role in influencing the retail price of fuel. Petrol and diesel transported to longer distances farther from depots will be priced higher than the places nearer to the oil companies’ storage areas.
Petrol & Diesel Rate In Delhi

Various factors impact the fuel prices in India. These include Rupee to Dollar exchange rate, Cost of crude oil, demand for fuel and etc. The rupee-dollar exchange ratesare one of the major factors which influence the price of petrol in India. Indian oil companies pay to the oil imported from other countries in terms of dollars, but their expenses are in rupees. The change in the price of crude oil in the international market directly influences the price of crude oil in the domestic market. Prices move higher when international fuel prices gain. The increase in demand for petrol and diesel has also resulted in hike in fuel prices in India.

About Author Dunia Buzz :

Article Source:
Article Url:

Article Added on Sunday, August 9, 2020
Publishers / Webmasters
Article ID: 495328
DELINK URL from Authors Bio
REMOVE Article
Tell A Friend
Leave A Comment!
Download this article in PDF
Report Article!
Search through all the articles:

213 Users Online!!
Related Articles:
Latest Articles:
Politics >> Top 50 Articles on Politics
Category - >
Advertising Advice Affiliate Programs Automobiles
Be Your Own Mentor Careers Communication Consumers
CopyWriting Crime Domain Names DoT com Entrepreneur Corner
Ebooks Ecommerce Education Email
Entertainment Environment Family Finance And Business
Food & Drink Gardening Health & Fitness Hobbies
Home Business Home Improvement Humour House Holds
Internet And Computers Kiddos and Teens Legal Matters Mail Order
Management Marketing Marriage MetaPhysical
Motivational MultiMedia Multi Level Marketing NewsLetters
Pets Psychology Religion Parenting
Politics Sales Science Search Engine Optimization
Site Promotion Sports Technology Travel
Web Development Web Hosting WeightLoss Women's Corner
Writing Miscellaneous Articles Real Estate Arts And Crafts

Disclaimer: The information presented and opinions expressed in the articles are those of the authors
and do not necessarily represent the views of and/or its owners.

Copyright © AwareINDIA. All rights reserved || Privacy Policy || Terms Of Use || Author Guidelines || Free Articles
FAQs Link To Us || Submit An Article || Free Downloads|| Contact Us || Site Map  || Advertise with Us ||
Click here for Special webhosting packages for visitors of this website only!
Vastu Shastra

Bulk Email Solutions India Provided By AwareIndia

Company IDS