Saturday, May 25, 2024

Petrol, diesel prices up 25 paise; Bhopal, Indore join cities with Rs 100/litre petrol

New Delhi, May 12: Petrol and diesel prices on Wednesday were hiked by 25 paise per litre each, the third increase this week, propelling petrol price to cross Rs 100 per litre mark in more cities including Bhopal and Indore.
Petrol and diesel prices are now at record high across the country, price notification of state-owned fuel retailers showed.

In Delhi, petrol now comes for Rs 92.05 per litre and diesel is priced at Rs 82.61.
This was the third increase in prices this week and seventh hike since May 4 when the state-owned oil firms ended an 18-hiatus in rate revision they observed during assembly elections in states like West Bengal.
The price increase led to petrol rates crossing the Rs 100 mark in more places in Rajasthan, Madhya Pradesh and Maharashtra.
Fuel prices differ from state to state depending on the incidence of local taxes such as value-added tax (VAT) and freight charges. Rajasthan levies the highest VAT on petrol in the country, followed by Madhya Pradesh.
Bhopal on Wednesday earned the distinction of being the first state capital in the country to see petrol cross Rs 100 mark. Petrol in the city now costs Rs 100.08 a litre.
Indore had petrol priced at Rs 100.16 per litre.
Sri Ganganagar district of Rajasthan had the costliest petrol and diesel in the country at Rs 102.96 per litre and Rs 95.33 a litre, respectively.

In seven increases, petrol price has risen by Rs 1.66 per litre and diesel by Rs 1.88.
Since March last year, when the government raised excise duty on fuel to an all-time high, petrol price has increased by a record Rs 22.46 per litre (after accounting for a handful of occasions when rates fell) and diesel by Rs 20.32. (PTI)