Business Desk, Amar Ujala, New Delhi
Published by: Dimple Aladhi
Updated Tue, 01 Jun 2021 02:07 PM IST
The retail price of petrol in Mumbai has increased by 11 per cent this year. Petrol cheaper than Mumbai is available in New York, USA.
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Cheap petrol in Mumbai is getting in New York
Petrol in Mumbai is beyond Rs 100 per liter. According to the state-owned oil company, the retail price of petrol in Mumbai has increased by 11 per cent this year. Petrol cheaper than Mumbai is available in New York, USA. According to a Bloomberg report, the price of petrol in Mumbai is almost twice that of New York.
This is the price in Mumbai and New York
According to data from Indian Oil Corporation, the price of petrol in Mumbai was Rs 100.79 ($ 1.4) per liter. According to data from the New York State Energy Research and Development Authority, the price of petrol in New York is $0.79 per liter.
The price is decided on the basis of these parameters.
Let us tell you that the prices of petrol and diesel change every day at 6 am. The new rates are applicable from 6 am onwards. After adding excise duty, dealer commission and other things to the price of petrol and diesel, its price almost doubles.
On the basis of these parameters, oil companies do the work of fixing petrol rate and diesel rate daily. Dealers are people running petrol pumps. They sell petrol themselves at retail prices to the consumers end after adding taxes and their own margins. This cost is also added to the petrol rate and diesel rate.