Every day at 6 am, Oil Marketing Companies (OMCs) like Indian Oil, Bharat Petroleum, and Hindustan Petroleum update the pricing of gasoline and diesel.
With the exception of a few places, fuel prices in India's major cities remained steady on Friday, following a ten-month pattern of price stability. According to the Goodreturns website, the cost of gasoline and diesel in major cities like Delhi and Mumbai remained the same from the day before. However, there was a little drop in gasoline prices in Noida. According to data updated by oil marketing companies, a liter of gasoline cost 96.72 rupees on Friday in Delhi.
The price of petrol is updated every day as of 2017. HT file with representative image
The price at which gasoline or diesel distributors or dealers purchase it from oil marketing firms plus excise tax, dealer commission, and a value-added tax imposed by the state government equals the price of gasoline.
(Rs/LITRE) CITYPETROL(Rs/LITRE) DIESELDELHI96.7289.62MUMBAI106.3194.27KOLKATA106.0392.76CHENNAI102.6394.24BENAGLURU101.9487.89NOIDA96.6589.82PATNA107.2494.04
Every day at six in the morning, Oil Marketing Companies (OMCs) including Indian Oil, Bharat Petroleum, and Hindustan Petroleum modify the retail pricing of gasoline and diesel in accordance with the price of crude oil around the world.
Fuel prices used to be updated every 15 days. The pricing of gasoline and diesel was deregulated by the Center in 2014. The price of petrol is updated every day as of 2017.
Meanwhile, the center recently altered the natural gas pricing mechanism, which had the effect of lowering the cost of CNG and cooking gas delivered to homes' kitchens.