Petrol, diesel prices today at record high; petrol rates cross Rs 100 in Mumbai, Rajasthan’s Sri Ganganagar

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Petrol price in Maharashtra’s Mumbai and Rajasthan’s Sri Ganganagar crossed Rs 100-a-litre mark on Saturday after oil companies raised rates again.

 price in Maharashtra’s Mumbai and Rajasthan’s Sri Ganganagar crossed Rs 100-a-litre mark on Saturday after oil companies raised rates again. While the petrol price climbed to Rs 105.15 per litre in Sri Ganganagar, it rose to Rs 100.19 per litre in Mumbai.

In Mumbai, diesel rates climbed to Rs 92.17 per litre, while Sri Ganganagar saw a climb to Rs 97.99.

Rates had already crossed the Rs 100-mark in several cities in Rajasthan, Madhya Pradesh and Maharashtra and with the latest increase, the price in Mumbai, too, has crossed that level.

Petrol and diesel prices per litre are Rs 93.94 and Rs 84.89 in Delhi; Rs 93.97 and Rs 87.74 in Kolkata, West Bengal; and Rs 95.51 and Rs 89.65 in Chennai, Tamil Nadu.

In Kolkata, the fuel prices saw a spike as petrol was sold at Rs.93.97 per litre and diesel at Rs.87.74 per litre.

Latest price of petrol and diesel

CityPetrol (per litre)Diesel (per litre)
New Delhi93.9484.89
Mumbai100.1992.17
Kolkata93.9787.74
Chennai95.5189.65

Speaking with India Today TV, those in the transportation business say with public transport shut due to ongoing lockdown, they have no choice but to use their own vehicles to purchase supplies.

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.

Also Read | Why are fuel prices rising in India?

Oil companies revise rates of petrol and diesel daily based on the average price of benchmark fuel in the international market in the preceding 15-days, and foreign exchange rates.

This is the 15th increase in prices since May 4, when the state-owned oil firms ended an 18-day hiatus in rate revision they observed during assembly elections in states like West Bengal.

(With inputs from Sharat Kumar in Sri Ganganagar

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