The prices of diesel and petrol have increased today from the state oil companies. Today, the price of diesel has increased from 21 to 24 paise, while the price of petrol has also increased from 17 paise to 20 paise.
You can also know the price of petrol and diesel through SMS. According to the website of IndianOil, you have to write RSP and your city code and send it to number 9224992249. The code for each city is different, which you will get from the IOCL website.
Petrol and diesel prices change every day at six in the morning. The new rates are applicable from 6 o’clock in the morning. After adding excise duty, dealer commission and other things to the price of petrol and diesel, its price almost doubles. Petrol and diesel prices change every day depending on what the crude prices are in the international market along with foreign exchange rates.
On the basis of these standards, the oil companies do the work of fixing the petrol rate and diesel rate daily. The dealers are the people running the petrol pumps. They sell themselves at retail prices to consumers after adding taxes and their own margins to consumers. This cost is also added to the petrol rate and diesel rate.