Petrol & Diesel prices rise again, cross Rs100 mark in Mumbai

The prices of petrol and diesel have increased for 15th time since May 4

The prices of petrol and diesel jumped again on Saturday pushing the cost of one litre of petrol to more than Rs 100 in Mumbai for the first time. Across the metro cities of India, prices of petrol and diesel jumped by 26 paise and 30 paise respectively, according to data kept by petroleum refining company Indian Oil.

The prices of petrol and diesel have increased for 15th time since May 4. The increase has pushed the prices above Rs 100 mark in many cities of Madhya Pradesh, Maharashtra and Rajasthan. Oil companies like- Hindustan Petroleum, Indian Oil and Bharat Petroleum change the prices of the two fuels every day based on the average price of Benchmark crude oil in the past fifteen days in the international market. However, the price at which petrol and diesel are sold to the consumers also depends on the tax rates applied by the governments. Prices vary across states as each state government applies different tax rates of value-added tax(VAT) and freight charges. Rajasthan charges the highest VAT across India followed by Madhya Pradesh and Maharashtra.

Here’s a look at today’s price of petrol and diesel in the metro cities of India:-

Mumbai:

In Mumbai, petrol prices crossed the Rs 100 mark, costing Rs 100.19/litre while diesel was being sold for Rs92.17/litre

Chennai:

In Chennai, petrol and diesel were being sold on Saturday for Rs 95.51/litre and Rs89.65/litre respectively.

Kolkata:

In Kolkata, the prices of petrol and diesel increased to Rs 93.97/litre and Rs 87.74/litre respectively.

Delhi:

In the national capital, petrol was being sold for Rs 93.94/litre while diesel was value at Rs 91.87/litre.

 

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