Petrol Price Update: The most expensive petrol in the country has become in Sriganganagar, Rajasthan. Here the price of one liter extra premium petrol has reached Rs 100.88.
International crude oil prices are constantly increasing. The effect of this is also visible at the domestic level. Petrol prices in the country have crossed 100 rupees. This will increase the burden of inflation on the common man. Experts believe that in the coming days, the prices of everyday goods may also increase. Let us tell you that there are many cities in the country where petrol is being sold around 95. At the same time, the price of ‘petrol’ has gone beyond 100 in a city in India. There are usually three types of petrol available at the petrol pump, which include the normal petrol, extra premium and extra mile. The cheapest petrol in it is the Extra Mile and after that the number of ordinary petrol and extra premium petrol comes. Extra premium prices are about 2-3 rupees more than normal petrol prices. Many people fill extra mile petrol in their vehicles in place of simple petrol. The rate of extra premium petrol in Ganganagar is beyond 100. On January 26, there is an extra Premier Petrol getting Rs 100.88 per liter.
Why is petrol-diesel constantly getting expensive now
There are now signs of strength in the American economy. That is why crude oil is becoming increasingly expensive internationally. According to the recent report, demand for transportation fuel is increasing in the US. This year, the average increase in petrol prices is estimated at $ 2.42 per gallon. Whereas, in the year 2020, its price came down to $ 2.17. Due to this, the prices of Crude Oil (Brent Crude Oil) jumped.
From the first day of 2021, there has been a sharp trend in the prices of petrol and diesel. During this time, the prices have increased to Rs 2.34 per liter. At this time, petrol is still at a record high in almost all cities. Petrol prices have increased by Rs 16 per liter in the last 10 months.
At the same time, the price of diesel has also been increasing rapidly during this period. Its prices have increased by Rs 2.36 per liter. In the last 10 months, diesel has become more expensive by Rs 14.
Petrol prices on 26 January
Delhi Petrol Price Today: Rs 86.05 per liter
Mumbai (Petrol Price Today): Rs 92.62 per liter
Kolkata (Kolkata Petrol Price Today): Rs 87.45 per liter
Chennai (Chennai Petrol Price Today): Rs 88.60 per liter
Noida ( Noida Petrol Price Today): Rs 85.48 per liter
Diesel price on 26th January
Delhi Diesel Price Today: Rs 76.23 per liter
Mumbai (Diesel Price Today): Rs 83.03 per liter
Kolkata (Kolkata Diesel Price Today): Rs 79.83 per liter
Chennai (Chennai Diesel Price Today): Rs 81.47 per liter
Noida ( Noida Diesel Price Today): Rs 76.68 per liter
Why petrol-diesel rates are different in every state
The difference in prices of petrol and diesel is due to local sales tax or VAT (Value Added Tax). Apart from this, excise duty is also imposed on it which is the central levy.
The government earns a lot from tax
Compared to the last five years, the excise duty on petrol in 2014 was just Rs 9.48 per liter, which has increased to Rs 32.9 per liter by 2020. At the same time, the excise duty on diesel was only Rs 3.56 per liter in 2014, now it has been Rs 31.83 per liter.
According to Ajay Kedia of Kedia Commodities, if the tax recovery from the central government and the states is reduced slightly, then the prices can be brought downwards. The burden of excise duty and VAT (VAT) has increased considerably. During the Corona period, the central government increased excise duty twice. Excise duty has been increased by Rs 17 per liter on petrol and Rs 16 on diesel. States charge VAT on excise duty. The current price is about 20 rupees higher than the actual price. That means petrol will be cheaper at 20 rupees.
When will it be cheaper now
According to Ajay Kedia, crude oil has gone up very fast. Prices have risen by more than 30 percent. The next one month is very important because internationally the price of crude oil can go up from 55 to 62 dollars per barrel. Economic activities are opening up and demand in transport system is increasing rapidly. Now the demand will increase further. Experts believe that if the price of crude oil reaches $ 58-60 per barrel, then petrol will go beyond Rs 100 per liter. Also Read: In 2021, India will become the world’s fastest economic growth country, China will remain laggard
Oil experts believe that unless there is a fall in tax from the central and state governments, prices are not likely to fall. He told that a decision can be taken on this in the budget.
How to know the price of petrol and diesel
You can get information about petrol diesel prices through SMS. According to the website of IndianOil, you have to type your city code with RSP and send SMS to the number 9224992249.
Each city code is different. You can see this from the IOCL website. At the same time, you can know the price of petrol diesel in your city by sending a message to BPCL Customer RSP 9223112222 and HPCL Customer HPPrice by sending 9222201122 message.