BPCL

diesel price in Mumbai Fluctuation in prices of petrol and diesel: First, the cost of crude oil, second the taxes the Centre and states inflict. Third Dealer’s expenses and VAT that add before, it is accessible to the consumer market. Petrol and diesel are costly, mainly because of the central and state taxes, or else it would be much affordable. Taxes on petroleum are a vast revenue originator for the government, and it is a tough choice for the government to decrease fuel prices. Let’s know more about diesel price in Mumbai . PRICE IS AFFECTED BY 3 MAJOR FACTORS: ADMINISTRATIVE PRICE MECHANISM (APM) TO DYNAMIC PRICING: Everyday change in fuel prices is because of a dynamic pricing system that regulates the global oil market. Earlier petrol prices were revised after every two weeks the prices altered on the 1st and 16th of every month. On June 16, 2017, a new format of pricing was applied under which prices were to be modified every morning at 6 am. This reallocation from the admini...