Petrol, diesel price hiked again; petrol price nears Rs 99 in Mumbai

[timmy]

Petrol, diesel price hiked again; petrol price nears Rs 99 in Mumbai

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

 PTI

 

MAY 16, 2021 / 12:42 PM IST

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Petrol price on Sunday was increased by 24 paise per litre and diesel by 27 paise, pushing rates across the country to record highs and that of petrol in Mumbai to near Rs 99 a litre.

The increase led to rates in Delhi climbing to Rs 92.58 per litre and diesel to Rs 83.22, according to a price notification of state-owned fuel retailers.

 

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

A litre of petrol in Mumbai now comes for Rs 98.88 and diesel is priced at Rs 90.40 per litre.

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.

Petrol & Diesel Rates May 14, 2021

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This is the ninth increase in prices 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.

Sri Ganganagar district of Rajasthan had the costliest petrol and diesel in the country at Rs 103.52 per litre and Rs 95.99 a litre, respectively.

In nine increases, petrol price has risen by Rs 2.19 per litre and diesel by Rs 2.49.

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 22.99 per litre (after accounting for a handful of occasions when rates fell) and diesel by Rs 20.93.

Oil companies, which have in recent months resorted to unexplained freeze in rate revision, had hit a pause button after cutting prices marginally on April 15. This coincided with electioneering hitting a peak to elect new governments in five states including West Bengal.

No sooner had voting ended, oil companies indicated an impending increase in retail prices in view of firming trend in international oil markets.

Central and state taxes make up for 60 percent of the retail selling price of petrol and over 54 percent of diesel. The union government levies Rs 32.90 per litre of excise duty on petrol and Rs 31.80 on diesel.

https://www.moneycontrol.com/news/business/economy/petrol-diesel-price-hiked-again-petrol-price-nears-rs-99-in-mumbai-6898511.html

[timmy]

 

Petrol, Diesel Prices Hiked Again; Touch Record Highs

In Delhi, petrol prices have been increased by 24 paise to ₹ 92.58 per litre and diesel was hiked by 27 paise to ₹ 83.22 per litre, according to Indian Oil Corporation

CommoditiesEdited by Peter NoronhaUpdated: May 16, 2021 10:33 am IST

Fuel Prices: Domestic petrol and diesel prices vary across states due to value added tax (VAT).

 

 

 

Petrol, diesel prices today: Petrol and diesel prices have been hiked again across the metros on Sunday, May 16, after a day's pause. In Delhi, petrol prices have been increased by 24 paise from ₹ 92.34 per litre to ₹ 92.58 per litre and diesel was hiked by 27 paise from Rs 82.95 per litre to ₹ 83.22 per litre, according to Indian Oil Corporation. Currently, petrol and diesel prices are the highest in Mumbai. In Mumbai, petrol is being sold at Rs 98.88 per litre and diesel is retailed at ₹ 90.40 per litre, according to the state-run oil refiner. 

This is the ninth hike since May 4, when the state-owned oil companies ended a hiatus in rate revision that was observed during assembly elections. Petrol and diesel prices vary across states due to the value-added tax or VAT. (Also Read: How To Find Latest Petrol, Diesel Rates In Your City)

 

 

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Below are the latest petrol and diesel prices across four metro cities:

City	Petrol	Diesel
Delhi	92.58	88.22
Mumbai	98.88	90.40
Chennai	94.31	88.07
Kolkata	92.67	86.06
Source: Indian Oil

The state-run oil marketing companies including Indian Oil Corporation (IOC), Bharat Petroleum, and Hindustan Petroleum align the rates of domestic fuel with the global crude oil prices by taking into account changes in the foreign exchange rates. Any changes in fuel prices are implemented with effect from 6 am every day.

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• Petrol, Diesel Prices At Record Highs; Petrol Above ₹ 98 In Mumbai

CommentsMeanwhile, oil prices fell on Friday after dropping about 3 per cent a day earlier as coronavirus cases remained high in major oil consumer India. Brent crude oil futures were down 35 cents, or 0.5 per cent, at $66.70 a barrel and West Texas Intermediate (WTI) was down 28 cents, or 0.4 per cent, at $63.54 a barrel.

 

https://www.ndtv.com/business/petrol-diesel-price-news-may-16-2021-petrol-diesel-prices-hiked-again-on-sunday-touch-record-highs-check-latest-rates-here-2442634

 

[timmy]

on a positive note something is going up in India 

[Somedude]

[Hydrockers]

Malli power lo ki vaste double century 

[covid1990]

1 hour ago, Somedude said: