Fuel Prices Hiked Nine Times This Month; Petrol Breaches Rs.100/Litre Mark In Several Cities
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Petrol rates have breached Rs. 100 per litre mark in certain parts of Rajasthan, Madhya Pradesh and Maharashtra.
View PhotosRajasthan levies the highest VAT on petrol in the country followed by Madhya Pradesh.
Petrol and diesel rates on Sunday touched new all-time highs as domestic fuel prices were hiked by up to ₹ 24 paise a litre and up to 27 paise a litre, respectively. The state-owned oil marketing companies (OMCs) hiked fuel rates on nine occassions since May 4, making petrol and diesel costlier by ₹ 2.18 per litre and ₹ 2.49 per litre, respectively. In the national capital, the two auto fuels on Sunday were priced at ₹ 92.58 per litre and ₹ 83.22 per litre, respectively. Among all metros, Mumbai has the highest fuel rates as petrol and diesel retail at ₹ 98.88 a litre and ₹ 90.40 per litre, respectively.
Also Read: Petrol, Diesel Prices Hiked Again; Petrol Above ₹ 103/Litre Mark In Sri Ganganagar And Anuppur
Petrol and diesel prices have touched new all-time highs across the country
Petrol prices above ₹ 100 per litre mark in these cities on May 16, 2021:
| City | Petrol | Diesel |
|---|---|---|
| Sri Ganganagar | ₹ 103.52 | ₹ 95.99 |
| Anuppur | ₹ 103.21 | ₹ 93.98 |
| Ratnagiri | ₹ 100.24 | ₹ 90.35 |
| Parbhani | ₹ 101.25 | ₹ 91.30 |
| Aurangabad | ₹ 100.11 | ₹ 91.64 |
| Indore | ₹ 100.70 | ₹ 91.69 |
| Bhopal | ₹ 100.63 | ₹ 91.59 |
| Gwalior | ₹ 100.59 | ₹ 91.56 |
| Jaisalmer | ₹ 101.52 | ₹ 94.17 |
| Banswara | ₹ 100.46 | ₹ 93.19 |
| Rewa | ₹ 102.85 | ₹ 93.65 |
Petrol rates have breached ₹ 100 per litre mark in certain parts of Rajasthan, Madhya Pradesh and Maharashtra. In Rajasthan’s Sri Ganganagar, fuel prices are the highest in the country, as petrol stood at ₹ 103.52 per litre, while diesel was priced at ₹ 95.99 per litre. Petrol prices scored a century in other cities like Ratnagiri, Parbhari, Aurangabad, Indore, Bhopal, Gwalior, Jaisalmer, and Banswara. Do note, Rajasthan levies the highest VAT on petrol in the country followed by Madhya Pradesh.
In Jaipur, petrol surpassed ₹ 99 per litre mark as prices went up by 22 paise to ₹ 99.02 per litre. Diesel prices also soared to ₹ 91.86 a litre witnessing a hike of 29 paise. In Navi Mumbai and Thane, petrol rates are inching towards ₹ 100 per litre mark. Buyers in these cities will have to pay ₹ 99.02 a litre and ₹ 99 a litre for petrol, while diesel is priced at ₹ 90.54 per litre and ₹ 90.52 per litre, respectively. Petrol rates in Kolhapur and Nashik are just a rupee short of ₹ 100 per litre mark, retailing at ₹ 99.02 a litre and ₹ 99.27 a litre, respectively.
Petrol retails above ₹ 103 per litre mark in Sri Ganganagar & Anuppur
Also Read: Petrol Prices Surpass ₹ 100/Litre Mark For The Second Time This Year
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Fuel rates differ from state to state depending on the incidence of local taxes such as value-added tax (VAT). Taxes on auto fuels and fluctuation in global oil prices are two key factors for higher petrol and diesel rates. Hindustan Petroleum Corporation, Bharat Petroleum Corporation, and Indian Oil Corporation are the country’s three major oil marketing firms that revise fuel rates on daily basis.
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