This is the basis for fixing the price
Petrol and diesel prices change daily, depending on what the crude prices are in the international market along with foreign exchange rates. On the basis of these standards, the oil companies do the work of fixing the petrol rate and diesel rate daily.
How much tax in petrol
In the amount you pay for retail petrol and diesel, you are paying tax for 55.5 percent of petrol and 47.3 percent for diesel.
Dealers also add their margin
The dealers are the people running the petrol pumps. They sell themselves at retail prices to consumers after adding taxes and their own margins to consumers. This cost is also added to the petrol rate and diesel rate.
SIP: Start investing at Rs 2100, will be Rs 1 crore