Petrol prices in the city of Kolkata will change everyday. The new revision which began from June 15, should provide some respite against any sharp increase in prices. To check daily prices of petrol in Kolkata you can visit goodreturns.in
The one reason why petrol prices in Kolkata will change everyday is because of international prices of crude. When crude oil in the foreign markets gain momentum, it makes way for domestic firms to see higher prices. It is unlikely that crude oil prices would fall in a hurry. In fact, crude oil prices may now fall well below the Rs 68 mark. In Kolkata petrol prices is now around the 70 mark and if oil falls below $45 it will allow for further reduction in prices in Kolkata. How petrol prices in Kolkata today also depend on the movement of the rupee against the dollar. When the rupee gains it makes petrol price much cheaper.
Petrol price slightly higher in kolkata
The main reason for petrol prices in Kolkata to be higher for the last few days is because the cost of crude oil has slightly risen in the international markets. This is because due to tightening in the supply of crude oil especially in the US.Petrol prices. In India there are two components for fuel prices, one is due to global crude oil prices, and one is due to taxes by the Indian government. Coming to Kolkata, petrol consumption has increased up to six percent in 2017. These are due to the automobile industries expanding their products with maximum benefits rates to customers with more EMI schemes and with attractive offers on two-wheeler and four wheeler. These are the reasons for a steady rise in petrol price in Kolkata and a massive increase in automobiles.