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Petrol prices soars to new high, reaches ₹110 in MP, Check latest rates

By Saima Siddiqui 
Updated Date

New Delhi: Taking a heavy toll on the consumers’ wallets, Petrol prices were hiked for the tenth time this month, taking the already soaring prices to another record high, while diesel remained unchanged on Saturday, according to price notification by the oil retailers.

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In the latest revision, petrol got costlier by 30 paise in the national capital making it to ₹101.84 in Delhi, whereas diesel is retailing at ₹89.87. While, in India’s financial capital Mumbai, petrol is being sold at ₹107.83 per litre, whereas diesel has reached ₹97.45 per litre.

In Madhya Pradesh’s capital city Bhopal, the petrol rates have gone above an unprecedented mark and are at ₹110 per litre. Diesel is priced at ₹98.67.

The city had in May become the first to breach the ₹100-mark in petrol prices. It was followed by Jaipur, Mumbai, Hyderabad and Bengaluru.

Patna and Thiruvananthapuram saw petrol go past ₹100 in the last week of June whereas Chennai and Bhubaneshwar joined the list in the first week of July. The price climbed over ₹100 per litre in Kolkata and Delhi on 7 July.

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Sri Ganganagar district of Rajasthan near the border with Pakistan has the costliest fuel in the country — petrol is priced at ₹113.21 a litre and diesel at ₹103.15.

Petrol now costs over ₹100 in 20 states and UTs — Rajasthan, Madhya Pradesh, Maharashtra, Andhra Pradesh, Telangana, Karnataka, Jammu and Kashmir, Odisha, Ladakh, Bihar, Kerala, Tamil Nadu, Punjab, Sikkim, Delhi, West Bengal, Nagaland and some part of Uttar Pradesh and Haryana.

Diesel, the most used fuel in the country, is above that level in some places in Rajasthan, Odisha and Madhya Pradesh.

Prices for diesel were cut by 16 paise earlier this week. Prior to that, petrol and diesel prices were last cut on 15 April. Thereafter, rate revision took an 18-day pause, coinciding with the assembly elections in five states.

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

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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.

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