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Petrol Crosses Rs 102/L In Mumbai; Diesel Nears Rs 100/L In Rajasthan

Petrol touched a record high of Rs 102 for a litre in Mumbai on Friday and a litre of petrol costs Rs 95.85 in the national capital, the highest ever.

The common man’s pocket continues to get empty with no respite in sight, especially for petrol and diesel prices. Petrol touched a record high of Rs 102 for a litre in Mumbai on Friday and a litre of petrol costs Rs 95.85 in the national capital, the highest ever.

A litre of diesel in Mumbai now costs Rs 94.15 and Rs 86.75 in Delhi, data available on Indian Oil Corporation’s website showed.

This was the sixth price rise in the auto fuel prices so far in the month of June that follows 16 hikes in May. Prices have been on the rise since the past month (May 4) after oil marketing companies (OMCs) resumed their price revisions ending an 18-day hiatus that coincided with the assembly elections in key states.

Petrol and diesel rates are at the highest in the country in Sri Ganganagar district of Rajasthan where petrol comes for Rs 106.94 a litre while diesel neared the three-figure mark at Rs 99.80 per litre, the Indian Oil data showed. In Madhya Pradesh’s Anuppur district, petrol today is priced at Rs 106.59 a litre and diesel at Rs 97.74.

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The price of petrol and diesel in India depends on international crude oil prices, rupee-dollar exchange rate. Moreover, the central government and states levy various taxes — excise duty and Value Added Tax (VAT) on petrol and diesel, hence leading to varying rates of fuel in the country. Dealer’s commission and freight charges are also added to the fuel price.

It must be noted that petrol and diesel do not come under the ambit of goods and services tax (GST).

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