Fuel prices were hiked again on Saturday taking petrol price in Mumbai over ₹100 per litre for the first time.
Petrol price was hiked up to 26 paise while the price of diesel went up around 30 paise across metros, as per Indian Oil Corporation (IOC) data.
In Mumbai, petrol price breached ₹100 mark as it was retailing at ₹100.19 per litre whereas diesel was priced at ₹92.17 per litre. A litre of petrol in Delhi now comes for ₹93.94 and diesel is priced at ₹91.87 per litre.
Mumbai today became the first metropolis in the country to see regular petrol selling for Rs 100. Note that petrol price had already crossed Rs 100 in Sriganganagar in Rajasthan and Bhopal in Madhya Pradesh.
Petrol and diesel rates remained unchanged on Friday. However, after Thursday’s price increase, petrol shot past Rs 100-mark in Thane, the first time in Maharashtra. Jaipur became the second state capital after Bhopal where petrol price topped Rs 100.
Here are the latest rates in your city
Delhi- Petrol prices- ₹93.94 per litre; Diesel prices- ₹84.89 per litre
Mumbai- Petrol prices-₹100.19 per litre; Diesel prices- ₹92.17 per litre
Kolkata- Petrol prices-₹93.97 per litre; Diesel prices- ₹87.74 per litre
Chennai- Petrol prices-₹95.51 per litre; Diesel prices- ₹89.65 per litre
Bengaluru- Petrol prices-₹97.07 per litre; Diesel prices- ₹89.99 per litre
Hyderabad- Petrol prices-₹97.63 per litre; Diesel prices- ₹92.54 per litre
Noida- Petrol prices-₹91.49 per litre; Diesel prices- ₹85.36 per litre
Bhopal- Petrol prices-₹102.04 per litre; Diesel prices- ₹93.37 per litre
Patna- Petrol prices-₹96.10 per litre; Diesel prices- ₹90.16 per litre
Lucknow- Petrol prices-₹91.41 per litre; Diesel prices- ₹85.28 per litre
The 15th increase in prices since May 4 has pushed petrol and diesel prices to record-high levels across the country.
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.
Oil companies revise rates of petrol and diesel daily based on average price of benchmark fuel in the international market in the preceding 15-days, and foreign exchange rates.