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Petrol, Diesel prices touch fresh record highs, 14th time in May

By Saima Siddiqui 
Updated Date
Petrol, Diesel prices touch fresh record highs, 14th time in May

New Delhi: Petrol and diesel prices were yet again revised on May 31 by the oil marketing companies, soaring the fuel prices to new heights.

Also Read :- Petrol, diesel prices soar new high, Know fuel rates in major cities

Petrol rates had already crossed Rs 100-mark in several cities in Rajasthan, Madhya Pradesh and Maharashtra and with the latest increase, price in Mumbai too was inching towards that level.

To note, 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.

The excise tax levied by the Central and state government one of the reasons behind fuel price hike.

Here are petrol and diesel rates in 4 metro cities in India,

Also Read :- Fuel prices hiked for the second day in a row. Check latest rates
CityPetrolDiesel
Delhi94.2385.15
Mumbai100.4792.45
Chennai95.7689.90
Kolkata94.2588.00

Fuel rates in the international market determine the rates of oil prices in India. When global fuel prices go up, OMCs hike prices in the country.Petrol price was increased by 29 paise per litre and diesel by 24 paise a litre in the national capital, according to a price notification of state-owned fuel retailers. The hike has pushed petrol and diesel prices to record-high levels across the country.

Petrol price in Delhi rose to Rs 94.23 a litre and diesel to Rs 85.15 a litre. In Mumbai, petrol price climbed above Rs 100 to Rs 100.47 a litre and diesel to Rs 92.45 per litre. Rates had already crossed the Rs 100-mark in several cities in Rajasthan, Madhya Pradesh and Maharashtra.

For the unversed, in India, petrol and diesel prices are revised daily in the morning at 6 AM. Anyone can easily check the rate of petrol and diesel by sending an SMS to 9224992249.

To check fuel price in your city all you need to do is type RSP <space> Petrol Pump Dealer Code and send it to 9224992249. You can find the RSP code of your locality by visiting the official site of the petrol pump near you.

Also Read :- After Mumbai, petrol prices to touch 100 rupees a litre mark in these cities
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