Petrol Diesel Price Today 5th December 2020: Government oil marketing companies have increased the price of petrol and diesel for the 13th consecutive day. Today on Saturday, the price of petrol in Delhi has increased by 27 paise and diesel by 25 paise per liter. On the other hand, if you talk about Jaipur, then petrol is about 7 rupees more expensive than Delhi. Petrol in Delhi is 83.13 rupees per liter, while in Jaipur 90 rupees 47 paise. According to the website of Indian Oil Corporation, Diesel-Petrol rates in major cities like Delhi, Mumbai, Kolkata, Jaipur, Noida, Lucknow on December 5 are as follows…
|name of the city||Petrol (Rs / liter)||Diesel (Rs / liter)|
|city||Petrol Rs / liter||Diesel Rs / Ltr|
This is the reason for rising prices
The government increased the excise duty on petrol by Rs 10 and on diesel by Rs 13 per liter after the historic fall in crude oil prices in the international market. From November 2014 to January 2016, the central government increased it nine times. Due to this, the common man did not get the benefit of falling crude oil prices.
Read also: Petrol-diesel sold for Rs 27 a liter today
Know the rates of petrol and diesel in your city through SMS
You can also check the price of petrol and diesel in your city daily via SMS. Indian Oil (IOC) consumers can send RSP
This is how the rate of petrol and diesel increases
After adding excise duty, dealer commission and other things to the price of petrol and diesel, its price almost doubles. If the excise duty of the Central Government and the VAT of the State Governments are removed, then the rate of diesel and petrol would be around 27 rupees a liter, but both the Central or the State Government, can not remove the tax at any cost. Because a large part of the revenue comes from here. This money leads to growth.
Prices are fixed every morning
In fact, the prices of petrol and diesel change daily depending on the price of crude in the international market along with the foreign exchange rates. Oil marketing companies fix petrol and diesel rates daily after reviewing prices. Indian Oil, Bharat Petroleum and Hindustan Petroleum revise petrol and diesel rates at 6 am daily.