The price of crude oil is witnessing a rise worldwide. Recently, the price of Brant crude oil has crossed the mark of $76 per barrel, while the price of WTI has increased to $74.86 per barrel.
Many times it happens that the effect of an increase in the price of raw oil is seen in an increase or decrease in the prices of Petrol and Diesel, but it has not happened this time. On Thursday, the oil companies of the Indian government reduced the prices of Petrol and diesel, providing relief to states like Uttar Pradesh and Bihar.
Now it can be seen that there has been no change in the rates in cities like Delhi, Mumbai. The final rate of Petrol and Diesel is announced at 6 am, in which the final rate is decided after including Petrol or Diesel commission, tax, etc.
Petrol and Diesel prices in the four Major Cities
Delhi: Petrol Rs 94.72 per liter or Diesel Rs 87.62 per liter
Mumbai: Petrol Rs 103.44 per liter or Diesel Rs 89.97 per liter
Chennai: Petrol Rs 100.76 per liter or Diesel Rs 91.76 per liter
Kolkata: Petrol Rs 104.95 per liter or Diesel Rs 91.76 per liter
Petrol and Diesel rates change at 6 am in the morning
You will be surprised to know that the rates of Petrol and Diesel are finalized at 6 am in the morning. Various types of things are added to it, like the rate at the global level, dealer commission, Government tax, state tax, etc. Despite all these things, the price of raw oil is $76 per barrel, but at the pumps, its price is double per liter.
