Advertisement
Friday, Dec 03, 2021
Outlook.com
Outlook.com

Petrol Price Crosses Rs 100 A Litre In Mumbai, Diesel Sells At Rs 92.17 Per Litre

The price of petrol, which had already crossed the Rs 100-mark in several cities in Rajasthan, Madhya Pradesh and Maharashtra, breached the psychological barrier in Mumbai on Saturday.

Petrol Price Crosses Rs 100 A Litre In Mumbai, Diesel Sells At Rs 92.17 Per Litre
Petrol price was increased by 26 paise per litre, (Representational image.) | PTI
Petrol Price Crosses Rs 100 A Litre In Mumbai, Diesel Sells At Rs 92.17 Per Litre
outlookindia.com
2021-05-29T11:53:03+05:30

After the 15th increase in fuel prices this month, petrol price crossed the Rs 100-a-litre mark in Mumbai.

The increase - 15th this month - took petrol and diesel prices to a fresh all-time high across the country.

While petrol price was increased by 26 paise per litre, diesel was increased by 28 paise a litre, according to a price notification of state-owned fuel retailers.

The price of petrol, which had already crossed the Rs 100-mark in several cities in Rajasthan, Madhya Pradesh and Maharashtra, breached the psychological barrier in Mumbai on Saturday.

Petrol now costs Rs 100.19 a litre in Mumbai and diesel comes for Rs 92.17 per litre.

Fuel prices differ from state to state depending on the incidence of local taxes such as VAT and freight charges. Rajasthan levies the highest value-added tax (VAT) on petrol in the country, followed by Madhya Pradesh and Maharashtra.

In Delhi, the petrol price rose to Rs 93.94 a litre and diesel to Rs 84.89.

This is the 15th 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.

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.

Sri Ganganagar district of Rajasthan had the costliest petrol and diesel in the country at Rs 104.94 per litre and Rs 97.79 a litre, respectively.

In 15 increases, petrol price has risen by Rs 3.54 per litre and diesel by Rs 4.16.

(With PTI inputs.)

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

Kashmir Statehood: Omar Abdullah Goes All Guns Blazing In Jammu Road Shows

Kashmir Statehood: Omar Abdullah Goes All Guns Blazing In Jammu Road Shows

National Conference leader Omar Abdullah hit the road and held multiple rallies in Jammu in a first since the abrogation of Article 370 despite no elections in sight in J&K.

Beasts Of Burden: Why Maharashtra Farmers Are Abandoning Their Cattle

Beasts Of Burden: Why Maharashtra Farmers Are Abandoning Their Cattle

With farmers in Maharashtra reeling under crop failures and mounting debts, rearing milch cattle has not remained a profitable option.

Mumbai Test: Kohli Returns But India Face Selection Conundrum

Mumbai Test: Kohli Returns But India Face Selection Conundrum

With Virat Kohli making a return and rain forecast in Mumbai, India will be forced to make changes. Here's a look at India's likely XI.

Maharashtra Farmers Look For 'Love' Amid Continued Woes And Degrading Social Status

Maharashtra Farmers Look For 'Love' Amid Continued Woes And Degrading Social Status

Maharashtra’s social fabric is undergoing a tough change. While the sons of farmers are finding it an uphill task to get brides, their sisters do not want farmers as husbands.

Advertisement