Petrol and diesel prices differ from state to state depending on the incidence of local taxes such as VAT and freight charges. (Representative image: Pixabay)
After a day of pause, petrol prices were hiked again by 31 to 35 paise while diesel of 26 to 30 paise on June 29, taking fuel prices across the country to a historic high, according to a price notification by state-owned fuel retailers.
The increase, 32nd in less than two months, took petrol price in Delhi inches closer to Rs 99 per litre mark while diesel crossed Rs 89 per litre mark on the day. A litre of petrol and diesel now cost Rs 98.81 and Rs 89.18, respectively, in the national capital.
In Mumbai, petrol price hit an all-time high of Rs 104.90 a litre, with an increase of 34 paise from the previous day price of Rs 104.56 per litre. The city, on May 29, became the first metro in the country where petrol was being sold at over the Rs 100-a-litre mark.
Diesel also increased by 30 paise to retail at Rs 96.72 per litre in the financial capital, up from Rs 96.42 per litre.
Chennai also saw an increase in fuel prices with petrol and diesel rises by 31 paise and 26 paise, respectively. The price of petrol was Rs 99.80 per litre and that of diesel was Rs 93.72 per litre in Tamil Nadu’s capital.
In Kolkata, the latest increase pushed the petrol price to Rs 98.64 per litre with an increase of 34 paise from the previous day price of Rs 98.30 per litre. Diesel price also increased by 28 paise and reached Rs 92.03 per litre in the city.
Fuel prices differ from state to state depending on the incidence of local taxes such as VAT and freight charges. Rajasthan levies the highest VAT on petrol and diesel in the country, followed by Madhya Pradesh, Maharashtra, Andhra Pradesh and Telangana.
While petrol had crossed Rs 100-a-litre mark in Rajasthan, Madhya Pradesh, Maharashtra, Andhra Pradesh, Telangana, Karnataka, Jammu and Kashmir, Odisha, Tamil Nadu and Ladakh, several towns in Bihar saw that level after the steep price hike. In Patna, petrol now comes for Rs 100.81 a litre and diesel is priced at Rs 94.52 a litre.
Rates of diesel, the most used fuel in the country, have crossed the Rs 100-a-litre mark in Sri Ganganagar and Hanumangarh in Rajasthan as well in a couple of places in Odisha.
Among the metros, petrol is already above Rs 100 in Hyderabad and Bengaluru, besides Mumbai. And now rates are inching closer to that mark in Chennai.
Oil companies revise rates of petrol and diesel daily based on the average price of benchmark fuel in the international market in the preceding 15 days, and foreign exchange rates.
International oil prices have climbed in recent weeks on optimism of a quick recovery in fuel demand.
Meanwhile, a case has been registered in a court in this north Bihar town against Union Petroleum minister Dharmendra Pradhan in connection with the spiralling rise in petrol prices. Local resident Tamanna Hashmi filed the case before the court of Chief Judicial Magistrate, Muzaffarpur on June 28, alleging that it was a “conspiracy” to sell petrol at high rates across the country though the price of crude oil was quite low.
(With inputs from PTI)