Petrol goes past ₹100/litre in Leh, Andhra Pradesh
NEW DELHI: After Rajasthan, Madhya Pradesh and Maharashtra, petrol price has crossed the ₹100-per-litre mark in Leh, in almost all districts of Andhra Pradesh and parts of Telangana after fuel prices were again hiked on Friday.
Petrol price was increased by 27 paise per litre and diesel by 28 paise a litre, according to a price notification of stateowned fuel retailers.
Petrol is sold at over ₹100 per litre in almost all districts of Andhra Pradesh, except Vizag where it costs ₹99.75 a litre. Diesel in Vizag is priced at ₹94.08 per litre.
In Telangana, petrol prices crossed the psychological level in Adilabad (₹100.57) and Nizamabad (₹100.17). Petrol costs ₹100.43 a litre in Leh.
The hike—18th in the last one month—took fuel prices across the country to a historic high.
In Delhi, petrol hit an all-time high of ₹94.76 a litre, while diesel is now at ₹85.66 per litre.
Fuel prices differ from state to state depending on the incidence of local taxes such as VAT and freight charges.
Petrol price is well above the ₹100-per-litre mark in all districts of Rajasthan, Madhya Pradesh and Maharashtra—the states which levy the highest value-added tax (VAT) in the country.
Retail prices have risen after an increase in international oil prices on investors’ optimism that improving demand and a dwindling supply glut may mean the market can absorb any additional production from OPEC and its allies.
Brent crude—the global oilprice benchmark, has risen above $71 per barrel for the first time in two years.
Following the relentless price increase, fuel rates in places like Andhra Pradesh, Telangana and Leh have witnessed unprecedented levels.
Rajasthan levies the highest VAT on petrol and diesel in the country, followed by Madhya Pradesh, Maharashtra, Andhra Pradesh and Telangana.
Mumbai on May 29, became the first metro in the country where petrol was being sold at over ₹100-a-litre mark. Petrol now costs ₹100.98 per litre in the city and diesel comes for ₹92.99.
At Bellary, in Karnataka petrol is being sold at ₹99.83 per litre. In Bengaluru, petrol is priced at ₹97.98 per litre and diesel at ₹90.87.