Fuel prices on April 3: There is no change in the price of petrol and diesel, there is no shortage

Today i.e. on Monday (April 3), there has been no change in the prices of petrol and diesel. The prices have remained stable for almost nine months. Petrol in Delhi costs Rs 96.72, while diesel is being sold at Rs 89.62 per litre. Crude oil prices are seeing a decline today.
The government has decided to increase the restrictions imposed on the export of petrol and diesel. This decision has been taken keeping in view that domestic consumers do not face a shortage of petrol and diesel. The ban on the export of two refined fuels was to end on March 31. The Government of India last year imposed a windfall tax on the export of refined fuel.
The last time petrol-diesel prices were changed was in May 2022. Then excise duty was reduced by Rs 8 on petrol and Rs 6 per litre on diesel. Due to this, the prices of petrol and diesel were reduced by Rs 9.5 and Rs 7 respectively. In July 2022, the Maharashtra government cut VAT on petrol and diesel by Rs 5 and Rs 3 per litre.
Petrol is above Rs 100 per litre in 16 states of the country. Petrol has reached Rs 100 in all districts of Madhya Pradesh, Andhra Pradesh, Bihar, Maharashtra, Karnataka, Manipur, Telangana, Punjab, Jharkhand, Sikkim, Odisha, Kerala, Tamil Nadu, West Bengal, Chhattisgarh and Rajasthan. On the other hand, if we talk about diesel, it has gone above 100 rupees in Odisha, Rajasthan and Madhya Pradesh.
Oil marketing companies decide the rates of petrol and diesel daily after reviewing the prices. Indian Oil, Bharat Petroleum and Hindustan Petroleum change the rates of petrol and diesel at 6 am.