Fuel prices were hiked for the second day in a row on Saturday, taking a heavy toll on many across the country.While petrol got costlier by 27 paise per litre in the national capital, diesel rates went up by 23 paise per litre, according to price notification by the oil retailers.
After the latest increase, a litre of petrol in Delhi is retailing at ₹96.12, whereas diesel costs ₹86.98 per litre. In Mumbai, petrol is being sold at ₹102.30 per litre, while diesel has reached ₹94.39 per litre.
In the Sri Ganganagar district of Rajasthan near the India-Pakistan border, diesel breached the ₹100-mark for the first time. Petrol is now costing ₹107.00 a litre in the area and diesel at ₹100.05.
Petrol is retailing above the ₹100 per litre mark in six states and union territories — Rajasthan, Madhya Pradesh, Maharashtra, Andhra Pradesh, Telangana and Ladakh.
Sri Ganganagar was the first in the country to see petrol price hit ₹100 a litre mark in mid-February. Premium or additive laced petrol in the town sells for ₹110.22 a litre and same grade diesel at ₹103.47.
Mumbai on 29 May became the first metro in the country where petrol was being sold at over ₹100 a litre.
The difference in prices in states occurs on account of local taxes like VAT or freight charges.
Rajasthan levies the highest VAT on petrol and diesel in the country, followed by Madhya Pradesh, Maharashtra, Andhra Pradesh and Telangana.
Here are the latest rates in your city:
Delhi: Petrol prices – ₹96.12 per litre; diesel prices – ₹86.98 per litre
Mumbai: Petrol prices – ₹102.30 per litre; diesel prices – ₹94.39 per litre
Kolkata: Petrol prices – ₹96.06 per litre; diesel prices – ₹89.83 per litre
Chennai: Petrol prices – ₹97.43 per litre; diesel prices – ₹91.64 per litre
Bengaluru: Petrol prices – ₹99.33 per litre; diesel prices – ₹91.21 per litre
Hyderabad: Petrol prices – ₹99.90 per litre; diesel prices – ₹94.82 per litre
Thiruvananthapuram: Petrol prices – ₹98 per litre; diesel prices – ₹93.33 per litre
Jaipur: Petrol prices – ₹102.73 per litre; diesel prices – ₹95.92 per litre
Patna: Petrol prices – ₹98.68 per litre; diesel prices – ₹92.73 per litre
Chandigarh: Petrol prices – ₹92.45 per litre; diesel prices – ₹86.63 per litre
Slump in demand
Fuel prices are soaring while the demand for it dipped to a nine-month low in May.
The demand fell 1.5% to 15.1 million tonnes despite the low base of May 2020 and was down 11.3% when compared to the previous month, according to data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry.
India was under one of the world’s strictest lockdowns in May last year, which brought all mobility and economic activity to a grinding halt.
Petrol consumption at 1.99 million tonnes in May was up 12% over the previous year, it was down 16% over April and 27% over the pre-Covid era.
Diesel sales were up marginally to 5.53 million tonnes year-on-year but were down 17% over April and 29% over the pre-Covid period.