By Admin 
- The Petroleum Minister indicated that the price will decrease due to cheap crude.
- The government kept fuel prices stable by reducing duty.
- Companies currently have stock of expensive crude oil.
- Fuel prices are determined by crude oil and taxes.
Petrol-Diesel Rate on June 22: Petroleum Minister Hardeep Singh Puri has indicated that as soon as cheap crude oil reaches India, oil prices may come down. Although it may take some time. At a press conference in Uttar Pradesh, Puri said, “Right now the companies have the stock of crude oil purchased at a higher price, as soon as the crude oil purchased at a lower price reaches them, there is a possibility of the price coming down.”
He further said, “Despite the global energy crisis in the environment of war between America, Israel and Iran, compared to other countries, fuel prices in India have remained largely stable and are in a better situation.” Puri said that in order to ensure that the prices of petrol and diesel do not increase in the country, the government has cut the excise duty on petrol and diesel in November 2021, May 2022 and again in 2026 and due to this, fuel prices will increase by Rs 10 per liter. Have borne the brunt of the loss themselves. He also said that till now the increase in the prices of petrol and diesel has been limited to about Rs 7.60 per liter.
What is the price today?
| City | Petrol price (per litre) | Diesel price (per litre) |
| Delhi | Rs 102.12 | Rs 95.20 |
| Mumbai | Rs 111.18 | Rs 97.83 |
| Kolkata | Rs 113.47 | Rs 99.82 |
| Chennai | Rs 107.77 | Rs 99.55 |
| Bengaluru | Rs 110.93 | Rs 98.80 |
| Hyderabad | Rs 115.69 | Rs 103.82 |
| Agartala | Rs 105.17 | Rs 94.05 |
| Guwahati | Rs 105.85 | Rs 97.33 |
| Patna | Rs 113.35 | Rs 99.36 |
How is the price of petrol and diesel decided in the country?
The prices of petrol and diesel in India are decided on the basis of international crude oil price, value of rupee against dollar, base price, tax and dealer’s commission.
Oil companies decide a base price by adding the price of crude oil, expenses incurred on its refining, cost of freight transportation and their profits. After this, before delivering them to the customers, heavy tax and commission is imposed on them, which is around 50-55% of the retail price. State governments collect VAT on this as per their own. Apart from this, petrol pump owners are given a fixed commission per liter for their expenses and profits. By adding all these a final price is reached.
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