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Petrol-Diesel Prices Today, February 20: Petrol and diesel prices remain same across metro cities. Oil marketing companies at 6 AM revise fuel prices. The last change in country-wide fluctuation in fuel prices was witnessed in May 2022 when the Centre cut the excise duty on petrol by Rs 8 per litre and Rs 6 per litre on diesel. Retail petrol and diesel prices vary from state to state and various factors like freight charges, local taxes, and Value-Added Tax (VAT).
The retail price for petrol and diesel In Delhi, is priced at Rs 96.72, while diesel in the National Capital is retailing at Rs 89.62 per litre. In Mumbai, petrol is retailing at Rs 106.03 per litre, and diesel is selling at Rs 94.27 per litre. The prices of petrol and diesel change state by state, depending upon various criteria such as Value Added Tax (VAT), freight charges, local taxes, etc. The last country-wide change in fuel rates was on 21 May last year, when Finance Minister Nirmala Sitharaman slashed excise duty on petrol by Rs 8 per litre and Rs 6 per litre on diesel.
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Today & Yesterday’s Petrol Price in Indian major State
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Today & Yesterday’s Diesel Price in Major Indian States
District-Wise Petrol Price In Jammu And Kashmir
District-Wise Diesel Price In Jammu And Kashmir
| City/District | Price | Change |
|---|---|---|
| Anantnag | 85.75 ₹/L | 0.11 |
| Badgam | 86.87 ₹/L | 0.04 |
| Bandipora | 87.01 ₹/L | 0.18 |
| Baramulla | 87.19 ₹/L | 0.20 |
| Doda | 85.38 ₹/L | 0.29 |
| Ganderbal | 87.11 ₹/L | 0.00 |
| Jammu | 83.26 ₹/L | 0.00 |
| Kathua | 83.66 ₹/L | 0.26 |
| Kishtwar | 86.12 ₹/L | 0.00 |
| Kulgam | 86.30 ₹/L | 0.00 |
| Kupwara | 87.64 ₹/L | 0.20 |
| Poonch | 85.80 ₹/L | 0.10 |
| Pulwama | 86.77 ₹/L | 0.32 |
| Rajouri | 84.29 ₹/L | 0.00 |
| Ramban | 84.99 ₹/L | 0.00 |
| Reasi | 84.30 ₹/L | 0.00 |
| Samba | 83.26 ₹/L | 0.29 |
| Shopian | 86.29 ₹/L | 0.03 |
| Srinagar | 86.83 ₹/L | 0.00 |
| Udhampur | 83.93 ₹/L | 0.29 |
The change in the price of crude oil in the international market directly influences the price of crude oil in the domestic market; this is one of the most important factors responsible for an increase in petrol prices in Indian domestic market. Increase in international demand, low production rate and any political unrest in the crude oil producing countries of the world severely affects petrol price.
The prices of petrol and other petroleum products varies according to the local government policies which impose taxes on fuels. As and when the government of India raises tax rates on fuels the oil companies in India also increases the price of the petrol to recover losses and maintain marginal profits in the oil business in India.
The rupee-dollar exchange rate is also one of the major factors which influence the price of petrol in India. Indian oil companies pay to the oil imported from other countries in terms of dollars, but their expenses are regarding rupee. So, when the price of the crude oil is in the fall but the rupee is also weak against the dollar then it will reduce the gains to the oil refiners. On the other hand, when the rupee strengthens against the dollar and the price of the crude oil is in the fall, then the oil companies tend to gain.
You can check petrol prices in India, in a number of ways. The most popular way is to send an SMS. For example, if you are at an HPCL pump you can send an SMS to: HPPRICE DEALER CODE and send it to 9222201122. For Indian Oil Corporation or IOC send SMS to: Type: RSP DEALER CODE and send it to 9224992249.
There are six brands of petrol pumps which are currently active in India. They are:
- Indian Oil Corporation
- Hindustan Petroleum
- Bharat Petroleum
- Shell
- Reliance Petroleum
- Essar Oil
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( With inputs from : kashmirnews.in )
