00:00On Diwali, we got a big gift for the price of petrol and diesel.
00:05The decision that has been awaited for 7 years has now been fulfilled.
00:09The decision of oil companies on Diwali will change the prices of petrol and diesel in the coming days and they will become cheaper.
00:16Petroleum Minister Hardeep Singh Puri gave information about this decision on social media and told how
00:21due to this decision, ordinary people will get relief from expensive petrol and diesel.
00:26What is this decision? What has happened? How much will the prices be reduced? Let's know in the video.
00:31Petroleum Minister Hardeep Singh Puri told how due to the decision of oil companies,
00:36in the coming days, the price of petrol will be Rs. 5 and the price of diesel will be Rs. 2.
00:41In fact, after 7 years, oil companies have fulfilled the big demand of dealers on the occasion of Dhanteras.
00:47And the effect of this decision will be seen on the prices of petrol and diesel.
00:51Oil companies have decided to increase the dealers' commission.
00:55Let's know how the prices of oil will be reduced and what is its calculation?
01:00Hardeep Singh Puri said that due to this decision, the prices of petrol and diesel will be reduced in the coming days.
01:06Due to the increase in the dealers' commission, the prices of petrol in Odisha, Malkangiri, Kundanpally and Kalimela
01:12will be reduced to Rs. 4.69 and Rs. 4.55.
01:16The prices of diesel will be reduced to Rs. 4.45 and Rs. 4.32 respectively.
01:21Similarly, the prices of petrol will be Rs. 2.09 and Rs. 2.02 in Sukma in Chhattisgarh and Rs. 2.02 in the case of diesel.
01:29Except for the states where the Aachar Samhita is applicable under the election,
01:33the dealers' margin commission has been increased in many states of the country.
01:36Apart from this, the biggest benefit is that petrol and diesel has become cheaper in many states for common people.
01:42Like Odisha, Chhattisgarh, Arunachal Pradesh and Himachal Pradesh,
01:46there are many states where the prices of petrol and diesel will be reduced.
01:49After the government's decision, the oil marketing companies have also decided to intrastate fret rationalization.
01:55After this, dealers will get a good margin commission when they order oil from other states.
02:00And its benefit will be delivered to the retail customers, due to which customers will get cheap petrol and diesel.
02:06Due to the increase in the dealers' commission from the oil companies, 7 crore citizens will get better services,
02:11which bring our fuel to the retail shops every day without increasing the prices of fuel.
02:17By increasing the dealers' commission of oil companies,
02:20not only oil dealers but also more than 83,000 people working on petrol pumps across the country will be happy.
02:28These historic decisions have been made by the Modi government and all the petrol dealers' associations.
02:36Now let's understand how the price of 1 litre of petrol is increased.
02:41Prices of oil are increased from the oil well to the tank of your car.
02:47Oil has to go through a lot of tax and commission, and there are many phases in reaching you.
02:53Like the price of raw oil, refining, drilling, entry tax, oil companies' commission, dealer's commission,
03:00government's excise duty and VAT imposed by the Rajasthan government are included in this.
03:05That is, if you look at it majorly, there are 4 factors on which the price of petrol and diesel depends.
03:10The first is the price of raw oil, the second is the price of the US dollar compared to the rupee,
03:15and the third is the tax collected by the government.
03:18And the fourth is the demand for oil.
03:20Now let's understand what happens to oil.
03:22India imports 85% of its oil demand.
03:25It has to pay the oil bill in dollars.
03:28In this case, the price of raw oil increases and the price of petrol and diesel increases.
03:34If you understand the break-up of the price of 1 litre petrol, then according to the petrol base price in Delhi on 15 March 2024,
03:41one dealer's oil reaches you for Rs. 94.72.
03:46Now let's see how things are included in this.
03:49The base price of oil is Rs. 55.42 per litre.
03:54Oil drilling is Rs. 20 per litre.
03:56Excise duty is Rs. 19.90 per litre.
04:00Dealer's commission is Rs. 3.81 per litre.
04:03Vat is Rs. 15.49 per litre.
04:06And in this way, the price of oil is Rs. 94.72 per litre.
04:10In this way, the prices of oil are decided.
04:12Now the margin commission has been increased,
04:15due to which the customers will benefit and the prices of oil will be reduced.
04:19That's all in the video.
04:21How did you like this decision on Diwali?
04:23Do tell us by commenting.
04:24If you are watching this video on Facebook, then like the Facebook page.
04:27If you are watching on YouTube, then don't forget to subscribe to Good Returns' YouTube channel.
Comments