New prices of petrol and diesel have been announced across the country. Oil companies like Indian Oil, Bharat Petroleum and Hindustan Petroleum update their prices every morning at 6 am. These prices are determined by international crude oil prices, rupee-dollar exchange rate and applicable taxes. Amidst the fluctuations in the prices of crude oil in the international market, even today the prices of petrol and diesel remain a topic of discussion. Therefore, it is important to check the prices in your city before leaving home.
**Eye on crude oil**
In recent times, fluctuations in crude oil prices have been seen in the international market. Experts believe that if crude oil prices remain low for a long time, there may be relief in the prices of petrol and diesel in future.
**How to check prices in your city?**
If you want to know the latest prices of petrol and diesel in your city, you can get this information through SMS. Indian Oil customers can send SMS “RSP” to 9224992249. Similar facilities are available for BPCL and HPCL customers also.
**How are the prices of petrol and diesel decided?**
Petrol and diesel prices in India do not depend only on the price of crude oil. These also include excise duty, VAT, dealer commission, transportation charges and rupee-dollar exchange rate. This is the reason why even when crude oil becomes cheap, prices do not reduce immediately.
