Your General settings page controls the date and time displayed on all posts and comments.

General Settings page

The default timezone settings on all newly created sites is UTC (Coordinated Universal Time) which is in London, UK.  All posts and comments are automatically time stamped as UTC time unless you change your timezone.

You change your date and time settings in Settings > General by selecting a city in the same time zone.

timezone

Select your preferred date format.

Date Format

Select your preferred time format.

Time format

Then click Save Changes.

This automatically updates the timestamp on all published posts and comments to your timezone.