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Fuel prices soar after another hike. Check latest rates in your city

By Priyanka Verma 
Updated Date
Fuel prices soar after another hike. Check latest rates in your city

After a day’s pause, the prices of petrol and diesel were hiked again on Sunday for the twelfth time month, according to a price notification by state-owned fuel retailers.

Also Read :- Petrol prices soars to new high, reaches ₹110 in MP, Check latest rates

While petrol rates increased by 17 paise to reach ₹93.21 per litre in Delhi, diesel rates jumped to ₹84.07 per litre after the addition of 27 paise.

Rates had already crossed the ₹100-mark in several cities in Rajasthan, Madhya Pradesh and Maharashtra. With the latest increase, the price in Mumbai too was inching towards the level.

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.

Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise the fuel prices on a daily basis in line with benchmark international price and foreign exchange rates.

Also Read :- Petrol prices go past ₹100 in Delhi, Kolkata, Check fuel rates after today's hike

Here are the latest rates in your city:

Mumbai: Petrol prices – ₹99.49 per litre; diesel prices – ₹91.30 per litre

Kolkata: Petrol prices – ₹93.27 per litre; diesel prices – ₹86.91 per litre

Chennai: Petrol prices – ₹94.86 per litre; diesel prices – ₹88.87 per litre

Bengaluru: Petrol prices – ₹96.31 per litre; diesel prices – ₹89.12 per litre

Also Read :- Cabinet approves ₹ 6.29 lakh crore relief package for pandemic-hit sectors

Hyderabad: Petrol prices – ₹96.88 per litre; diesel prices – ₹91.65 per litre

Thiruvananthapuram: Petrol prices – ₹95.19 per litre; diesel prices – ₹90.36 per litre

Jaipur: Petrol prices – ₹99.68 per litre; diesel prices – ₹92.78 per litre

Patna: Petrol prices – ₹96.19 per litre; diesel prices – ₹90.07 per litre

Chandigarh: Petrol prices – ₹89.66 per litre; diesel prices – ₹83.73 per litre

The hike comes in spite of fuel demands suffering in the first half of May due to Covid-induced lockdown in several states.

Also Read :- Petrol price in Mumbai nears ₹105 after another hike. Check rates in major cities

Sales of road transport fuels during 1 to 15 May dropped by a fifth from the previous month and about 28% from the same period in 2019, reported Bloomberg.

Central and state taxes make up for 60% of the retail selling price of petrol and over 54% of diesel. The union government levies ₹32.90 per litre of excise duty on petrol and ₹31.80 on diesel.

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