Again after a week’s gap, petrol prices have hiked this month, petrol prices got raised by 34-35 paise and diesel by 28-30 paise on Tuesday taking petrol and diesel prices to another high records in the country. The fuel prices were unchanged on Monday.
In Delhi, petrol hiked to Rs.98.81 per litre whereas diesel rose to Rs.88.18 per litre. Besides this the petrol price have reached a highest rise at Rs.105 in Mumbai as it is dealing at Rs.104.90 per litre in the city and diesel at Rs.96.72 per litre.
The petrol rate in Chennai is around Rs.99.80 per litre whereas diesel is Rs.93.72 per litre. Besides this, in Kolkata latest hike has pushed petrol price at Rs.98.64 per litre and diesel to Rs.92.03 per litre.
As per the earlier report by Bloomberg it has mentioned that buying petrol in major Indian cities such as Mumbai costs almost twice as much as in New York. The high record in fuel prices are leaving some Indian car owners unable to afford the cost of using their vehicles and to move the country’s transport industry to agitate for change.
Fuel prices varies from state to state depending on the local taxes such as VAT and freight charges. Rajasthan has the highest VAT on petrol and diesel in the country.