Petrol price in India today: On Tuesday, where international oil market rose, the Indian state-owned oil companies kept the price of petrol unchanged in various state capitals of India. The state-owned oil companies have limited room to cut prices of petrol, as global crude oil basket continues to edge higher. Today, global crude oil prices rose on amid worries there could be a high risk of disruptions to supply, especially in the Middle East.
The oil companies like Hindustan Petroleum Corp Limited (HPCL), Indian Oil Corp (IOCL) and Bharat Petroleum Corp Limited (BPCL) decide the final retail petrol price by taking into consideration the international crude basket, plus states’ Value Added Tax (VAT) and the government’s excise duty.
Petrol price in New Delhi today: The petrol price here was stood at Rs 74.02 per litre unchanged from the previous day price. With the current deduction, the petrol price in New Delhi came below Rs 74-mark, however, it stayed near six-year high. Read More