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Amid Fuel Price Hike, Petrol Rates Breach Rs 100 Per Litre Mark In Seven States, UTs

Petrol price has been hiked by 27 paise per litre and diesel by 23 paise, according to a price notification of state-owned fuel retailers.

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Amid Fuel Price Hike, Petrol Rates Breach Rs 100 Per Litre Mark In Seven States, UTs
In Delhi, petrol hit Rs 96.12 a litre, while diesel is now priced at Rs 86.98 per litre.
PTI File Photo
Amid Fuel Price Hike, Petrol Rates Breach Rs 100 Per Litre Mark In Seven States, UTs
outlookindia.com
2021-06-12T14:46:18+05:30

Amid a hike in fuel prices on Saturday, the petrol rate breached the Rs 100 per litre mark in seven states and union territories -- Rajasthan, Madhya Pradesh, Maharashtra, Andhra Pradesh, Telangana, Karnataka and Ladakh.

Diesel prices also skyrocketed in many states, with it crossing the Rs 100 per litre mark in Rajasthan.

While fuel prices are hiked by the Centre, different states have different incidence of local taxes such as VAT and freight charges, which make the prices vary across the country.

On Saturday, Petrol price was hiked by 27 paise per litre and diesel by 23 paise, according to a price notification of state-owned fuel retailers. The hike -- 23rd since May 4 – resulted in fuel pries surging to all-time highs across the country.

In Delhi, petrol hit Rs 96.12 a litre, while diesel is now priced at Rs 86.98 per litre.

Meanwhile, many places in Karnataka including Bidar, Bellary, Koppal, Davanagere, Shimoga and Chikmagalur recorded over Rs 100 per litre petrol. Petrol in the state capital Bengaluru is priced at Rs 99.39 per litre and a litre of diesel comes for Rs 92.27.

Sri Ganganagar district of Rajasthan near the India-Pakistan border was the first place in the country to see petrol hit Rs 100 a litre mark in mid-February and on Saturday it also earned the distinction of diesel crossing that psychological mark.

Petrol in the city is sold at Rs 107.22 a litre - the highest rate in the country, and diesel comes for Rs 100.05. Premium or additive laced petrol in the town sells for Rs 110.50 a litre and same grade diesel at Rs 103.72.

Rajasthan levies the highest VAT on petrol and diesel in the country, followed by Madhya Pradesh, Maharashtra, Andhra Pradesh and Telangana.

Mumbai on May 29 became the first metro in the country where petrol was being sold at over Rs 100 a litre. Petrol now costs Rs 102.30 a litre in the city and diesel comes for Rs 94.39.

After Leh, Srinagar too is witnessing near Rs 100 a litre petrol (Rs 99.27). Hyderabad too is in the same league with petrol costing Rs 99.96.

Petrol sells for Rs 101.73 a litre in Leh and diesel costs Rs 93.66.

The hike on Saturday was the 23rd increase in prices since May 4, when state-owned oil firms ended an 18-day hiatus in rate revision they observed during assembly elections in states like West Bengal.

In 23 increases, petrol price has risen by Rs 5.72 per litre and diesel by Rs 6.25 a litre.

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 firmed in recent weeks in anticipation of demand recovery following the rollout of vaccination programme by various countries.
(With PTI inputs)


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