Petrol nears ₹100/ltr in Mumbai after 12th hike

The price of diesel in the national capital on Sunday crossed the ₹84-mark while petrol price in Mumbai neared ₹100 a litre after fuel prices were raised again. Petrol price was increased by 17 paise per litre and diesel by 29 paise a litre, according to a price notification of stateowned fuel retailers. The hike - 12th this month - pushed petrol and diesel prices to an all-time high across the country. In Delhi, petrol rates climbed to ₹93.21 a litre and diesel rose to ₹84.07. A litre of petrol in Mumbai costs ₹99.49 and diesel is priced at ₹91.30 per litre.

Diesel price in Delhi on Sunday crossed ₹84-mark, while that of petrol in Mumbai neared ₹100 a litre after fuel prices were raised again.

Petrol price was increased by 17 paise per litre and diesel by 29 paise a litre, according to a notification of state-owned oil marketing companies.

The hike—12th this month— pushed petrol and diesel prices to an all-time high across the country. In Delhi, petrol rates climbed to ₹93.21 a litre and diesel rose to ₹84.07.

Rates had already crossed the ₹100-mark in several cities in Rajasthan, Madhya Pradesh and Maharashtra, and with the latest increase, the price in Mumbai too was inching towards that level. A litre of petrol in Mumbai now comes for ₹99.49 and diesel is priced at ₹91.30 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 VAT on petrol in the country, followed by Madhya Pradesh and Maharashtra.

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

This is the 12th increase in prices since May 4, when the stateowned oil firms ended an 18-day hiatus in rate revision they observed during assembly elections in states like West Bengal.

In 12 increases, petrol price has risen by ₹2.81 per litre and diesel by ₹3.34.