Friday, February 3, 2023

Petrol Diesel Price: Petrol & diesel rates are down by Rs 10 & 5, know the rates in your city

Petrol Diesel Price: A few days after the Central Government cut the excise duty on fuel, the Punjab government has reduced the Value Added Tax (VAT) on petrol and diesel in the state.

Petrol-Diesel Price Today:  After the massive reduction in excise duty by the Modi government on the occasion of Diwali, the state governments are also busy reducing their taxes to give relief to the common people. A few days after the central government cut the excise duty on fuel, the Punjab government has reduced the Value Added Tax (VAT) on petrol and diesel in the state. 

After this decision of the Punjab government, the prices of petrol and diesel have come down by up to Rs 10 per liter and Rs 5 per liter respectively. Let us tell you that the new rates of petrol and diesel have come into effect from today. Petrol in Punjab currently costs Rs 103.97 per liter and diesel Rs 86.67 per liter.

Big relief to the common man!

Government oil companies IOC, HPCL, and BPCL have given relief to the common man on Monday. Oil marketing companies have not made any change in oil prices today. After this, at present, the price of petrol in the capital Delhi is Rs 103.97 per liter and that of diesel is Rs 86.67 per liter.

Read More: These 5 cars are coming soon in the market, you will get great features at a low price

City Petrol (Rs/Litre) Diesel (Rs/Litre)

New Delhi 103.97 86.67

Mumbai 109.98 94.14

Kolkata 104.67 89.79

Chennai 101.40 91.42

Bhopal 107.23 90.87

Hyderabad 108.20 94.62

Bengaluru 100.58 85.01

Lucknow 95.28 86.80

Rise in crude oil prices

Significantly, OPEC + and Russia, the organization of crude oil selling countries around the world, have announced to increase crude oil production by 4 lakh barrels per day every month. Experts say that there is an atmosphere of increase in crude oil prices again. The price of Brent crude has increased from $ 80 per barrel to $ 84 per barrel.

But, if experts are to be believed, there is no hope of a big rise in crude prices now. Because demand from countries like India and China is not expected to increase anymore. That is why the price of Brent crude can remain between $ 80-90 per barrel. 

Check your city rates like this

You can also know the price of petrol and diesel through SMS. Indian Oil IOC gives you the facility to send RSP and your city code to the number 9224992249 on your mobile. The rate of petrol and diesel in your city will come immediately on your mobile. Each city has a different code, which the IOC gives you on its website

Prices change daily at 6 am 

The new prices of petrol and diesel come into effect every day at 6 am. After adding excise duty, dealer commission, and many other things to the price of petrol and diesel, its price almost doubles. 

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