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BUSINESS NEWS ALERT

Petrol and diesel prices stable on the 65th day

New Delhi : Government oil companies did not change the prices of petrol and diesel for the 65th consecutive day. On Saturday, the price of petrol in Jaipur was Rs 107.06 and the price of diesel was Rs 90.70 per liter. The Rajasthan government had cut VAT on petrol and diesel at the beginning of November 17, after which petrol became cheaper by Rs 4.04 and diesel by Rs 5.01 per liter. The state government had reduced VAT on petrol to 31.04 per cent instead of 36 and 19.30 per cent on diesel by 26.

The reduction in excise duty on petrol and diesel by the central government by Rs 5 and Rs 10 per liter respectively had brought down its prices in the country. After this, 22 states and union territories of the country including Uttar Pradesh, Karnataka had reduced the value added tax (VAT) on both these products. There was no change in the price of petrol and diesel in the domestic market even on the 43rd day.

The condition of petrol and diesel in the metropolitan cities of the country

Petrol in Delhi costs Rs 103.97 and diesel Rs 86.67 per liter, petrol in Mumbai Rs 109.98 and diesel Rs 94.14 per liter, petrol in Kolkata Rs 104.67 and diesel Rs 89.79 per liter, petrol in Chennai Rs 101.40 and diesel Rs. The price reached Rs 91.43 per liter.

Price varies at six o’clock per day

Let us tell you that the prices of petrol and diesel change every day at 6 am. The new rates are applicable from 6 am onwards. After adding excise duty, dealer commission and other things to the price of petrol and diesel, its price almost doubles.

Know how much is the price in your city

You can know the price of petrol and diesel through SMS. According to the IndianOil website, you have to write RSP and your city code and send it to the number 9224992249. The code for each city is different, which you will get from the IOCL website.

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