Fuel prices hiked for 7th time in July, petrol over Rs 100/litre; check revised rates in your city today
In the seventh hike of this month, petrol got costlier by 35 paise in the national capital, while diesel rose by 26 paise, according to price notification by the oil retailers.
FollowAfter remaining stable for a day, fuel prices were hiked once again on Saturday to surpass the Rs 100 mark at more places.
In the seventh hike of this month, petrol got costlier by 35 paise in the national capital, while diesel rose by 26 paise, according to price notification by the oil retailers.
On May 29, Mumbai became the first metro in the country where petrol was being sold at over the Rs 100-a-litre mark. Diesel price also increased by 32 paise to reach Rs 97.5 per litre.
Couple of days after crossing the Rs 100 mark, the petrol price in Delhi is now inching closer to Rs 101. The fuel retailed at Rs 100.95 per litre in the national capital on the day, up by 39 paise. Â The diesel price increased by 32 paise on the day to retail at Rs 89.92 per litre in the national capital.
Petrol in Madhya Pradesh’s capital Bhopal is being sold at Rs 109.24 per litre while diesel is priced at Rs 98.67. Bhopal in May became the first city in India to breach the Rs 100-mark in petrol prices followed by Jaipur, Mumbai, Hyderabad and Bengaluru.
As of now, petrol is over Rs 100 in 18 states and Union Territories (UTs)- Maharashtra, Andhra Pradesh, Telangana, Rajasthan, Madhya Pradesh, Karnataka, Jammu and Kashmir, Odisha, Ladakh, Bihar, Kerala, Tamil Nadu, Punjab, Sikkim, Delhi, West Bengal and Nagaland, a Livemint report said.
Diesel, the most used fuel in the country, has also crossed the psychological mark in some places of Rajasthan, Odisha and Madhya Pradesh.
The central and state taxes make up for 60% of the retail selling price of petrol and over 54% of diesel. Centre levies Rs 32.90 per litre of excise duty on petrol and Rs 31.80 a litre on diesel.
The difference in prices in states occurs on account of local taxes like VAT or freight charges.
Rajasthan levies the highest VAT on petrol and diesel in the country, followed by Madhya Pradesh, Maharashtra, Andhra Pradesh and Telangana.
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