Pay much more at fuel stations now; petrol price in India hit a 55-month high, diesel rate at lifetime high now
Petrol price in India today: Hindustan Petroleum Corp Limited (HPCL), Indian Oil Corp (IOCL) and Bharat Petroleum Corp Limited (BPCL) decide the final retail petrol price by taking into consideration the international crude basket, plus states’ Value Added Tax (VAT) and the government's excise duty.
Petrol price in India today: According to reports, the government has asked OMCs to absorb any hike in global oil prices and not pass that on to consumers. Image source: Reuters