Four main components contribute to the retail price of a gallon of diesel fuel: The cost of crude oil purchased by refineries. Refining costs and profits. Distribution, marketing, and retail station costs and profits.
How are petrol and diesel prices decided?
Fuel rates are decided by oil marketing companies. However, the state and central governments take a hefty sum as taxes on the retail price of petrol and diesel, which you and I pay at the fuel pump. As of June 1, 2021, the base price of petrol in Delhi stood at Rs. 36.04 per litre.
How is diesel price determined in South Africa?
The calculation of the new price is done by the Central Energy Fund (CEF) on behalf of the Department of Energy (DOE). The diesel retail price is not regulated. The retail margin is estimated to be similar to regulated retail margin on petrol.
How fuel prices are determined?
Fuel prices around the world are largely determined by regional markets and the benchmark prices and government taxes applying in those markets.
Which country has highest petrol rate?
Petrol prices in USD, EURO and INRRankCountryGasoline/Petrol Prices per literINR (₹)1Venezuela1.482Iran4.823Angola18.4861 more rows•Jun 24, 2021
How much is a litre of diesel in SA?
For comparison, the average price of diesel in the world for this period is 21.49 South African Rand....South Africa Diesel prices, 20-Sep-2021.South Africa Diesel pricesLitreGallonUSD1.1804.467EUR1.0063.8081 more row
What is diesel cost per litre?
Rs.94.05 per Litre Current Diesel Price in Karnataka is Rs. 94.05 per Litre. Todays Diesel price in Karnataka is Rs. 94.05 per litre.