Petrol and diesel will become cheaper by 8 to 10 rupees, central government will give a gift on New Year, know today's rate

The Modi government at the Center is preparing to give a gift to the people of the country by reducing the prices of petrol and diesel by Rs 8 to 10 before the beginning of the New Year. For this, the Union Petroleum Ministry has prepared a draft. The Prime Minister can announce price cuts within a day or two. It is expected that after the Prime Minister's announcement, BJP-ruled states can also reduce VAT. At the same time, oil companies have released new rates of petrol and diesel for Friday.

According to sources, the Petroleum Ministry in collaboration with oil companies has prepared a draft for the reduction of petrol and diesel by Rs 8-10 per litre. The Prime Minister's approval is pending on this. However, it is expected that the Prime Minister will give his approval to the decision by late Thursday night. Let us tell you that there has been no change in the pre-refinery prices of both fuels from April 6, 2022.

The Union Petroleum Ministry has said in a statement that the purchase price of imported crude oil has declined rapidly. Crude oil prices have averaged $77.14 per barrel so far during the financial year 2023-24 (April-March), with an increase seen in only two months - $93.54 in September and $90.08 in October.

At the same time, according to media reports, in the current financial year, India's three major national oil companies Indian Oil Corp, Bharat Petroleum Corp and Hindustan Petroleum Corporation have jointly earned a net profit of Rs 58,198 crore in the first six months of the financial year.

After the Center cuts the prices of petrol and diesel, many BJP-ruled states can also cut the prices of petrol and diesel. Let us tell you that earlier when the Central Government reduced the rates of petrol and diesel by Rs 5 to 10 during March 2022, many states including UP, Uttarakhand, MP, and Karnataka also cut VAT separately in their respective states. Was.

You can know the prices of petrol and diesel sitting at home by sending an SMS. If you are an Indian Oil consumer then write RSP and your city code and send it to number 9224992249, BPCL consumer has to write RSP and city code and send it to number 9223112222. After this, you will be given all the information through SMS. HPCL consumers will have to write HPPrice and city code and send it to 9222201122.

Fuel prices change every morning. The prices of petrol and diesel change daily depending on the price of crude in the international market along with foreign exchange rates. Oil marketing companies decide the rates of petrol and diesel daily after reviewing the prices. Indian Oil, Bharat Petroleum and Hindustan Petroleum revise the rates of petrol and diesel every day at 6 am.