New Delhi: As soaring Petrol price has already crossed the ₹100 a litre mark in Mumbai, it seems the fuel will hit other cities across the country with its rates inching towards the century mark.
Petrol and diesel price on Sunday were hiked again after a day of pause, by 27 paise and 31 paise respectively across the country. With the latest hike per litre price of petrol and diesel in Delhi became ₹95.03 and ₹85.95 respectively. With this incessant hike in fuel prices, per litre petrol prices in cities like Bhopal and Jaipur became ₹103.17 and ₹101.59 respectively.
On Sunday, Sri Ganganagar district of Rajasthan registered the highest price for a litre of petrol at ₹105.33. Diesel is trading at ₹98.20 per litre on Sunday in the district.
Among the metro cities, the petrol price in Mumbai is the highest. A litre of petrol and diesel in the business capital of India is selling at ₹101.25 and ₹93.30 respectively. Petrol price in Bengaluru is at ₹98.20 per litre while a litre of diesel is selling at ₹91.12.
The cost of petrol in Chennai is ₹96.47 per litre, while diesel is available at ₹90.66. A litre of petrol and diesel in Kolkata is selling at ₹95.02 and ₹88.80 respectively. This was the third price hike of this month.
Fuel prices have been increasing incessantly for the last several weeks owing to the fluctuations in the international crude oil pricing. However, the most impactful factor is the steep rate of taxes imposed by the central and state governments, claims the oil marketing companies.
The excise duty and freight charges imposed by the central government along with the VAT imposed by the state governments contribute 60% of the retail price of petrol and 54% of diesel.