New prices of Jet Fuel Prize have been released, which have increased the prices. After the price cut last month, Jet fuel price has increased by 6.7 percent this month.
The rate of jet fuel depends on the local tax of each state.
New prices of Jet Fuel Prize have been released, which have seen an increase in prices. After the price cut last month, Jet fuel price has increased by 6.7 percent this month. The aviation turbine fuel price has increased by 3885 per kiloliter since Saturday’s increase, a 6.7 percent increase. According to the price notification issued by the government oil companies, since then the price of jet fuel in New Delhi has increased to 61690.28 per kiloliter.
The rate of jet fuel depends on the local tax of each state. This rate has been released after the reduction in the last month twice. Earlier there was a decrease of 3 percent in the beginning of April and after that on April 16, there has been a decrease of 1 percent i.e. 568.88 per kiloliter. However, there has been no change in the prices of petrol and diesel so far and the prices of petrol and diesel have remained the same for 16 consecutive days.
However, oil company officials anticipate that rates may rise soon. At the same time, due to the week dollar in the international market, prices in the international market are continuously increasing. Officials say that prices have been rising continuously for the last four days and Dubai Crude Oil Price has increased by US $ 2.91 per barrel. Also, the officials also say that it is believed that the prices of crude oil can rise further in the international market.
What is the condition of petrol?
Crude oil price has crossed $ 67 per barrel in the international market. Despite this, the oil companies have not put the burden on the common man for the last two months. The retail price of petrol and diesel has been revised only 4 times in March and April. But now it is expected that with the increase in the price of crude oil in the international market, the price of petrol and diesel will increase in the domestic market as well.
Petrol price in the capital Delhi today is Rs 90.40 per liter and diesel is priced at Rs 80.73 per liter. Today in the financial capital, Mumbai, the price of petrol is Rs 96.83 and the price of diesel is Rs 87.81 per liter. According to information received from the website of Indian Oil, the price of premium petrol in Mumbai is Rs 100.26 per liter.
How are the prices of petrol and diesel decided?
The rates of petrol and diesel in the country are determined on the basis of the price of crude oil in the international market. Oil companies track the price of crude oil in the international market during the last 15 days and only after that they set the price of fuel for the domestic market. Oil companies release new prices of petrol and diesel every day at 6 am.
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