After the gap of two days the fuel prices were raised again on Friday to cross more than 100 mark in eight state capitals. According to price notification by the oil retailers, petrol prices in the national capital increased by 35 paise in July, while diesel prices remained stable.
Following Bhopal, which had been the first capital of a state to reach the Rs 100 mark in fuel price, Mumbai Bengaluru, Hyderabad and Jaipur were next in line. As of last week, petrol retailed for than Rs100 in Thiruvananthapuram and Patna.
In Delhi, the rate of petrol has recently been revised to Rs 99.16 per litre, while the rate of diesel has been revised to Rs 89.18 per litre. Petrol has broken over another psychological barrier in Mumbai, where it is now being sold at Rs 105.24 per litre. In India’s financial capital, diesel has reached Rs 96.72 per litre.
In addition, Chennai joined the list of cities where motor fuel costs more than Rs 100 on Friday. In the southern city, petrol costs 100.13 rupee, while diesel costs 93.72 rupees.
In May, Bhopal was the first state capital to surpass the Rs 100 mark in gasoline costs. Jaipur, Mumbai, Hyderabad, and Bengaluru were the next four cities on the list. In last week, the petrol prices in Patna and Thiruvananthapuram crossed Rs 100 mark.
The 12 states and union territories where petrol costs much than Rs 100 are Madhya Pradesh, Rajasthan, Maharashtra, Andhra Pradesh, Telangana, Karnataka, Jammu and Kashmir, Odisha, Ladakh, Bihar, Kerala, and Tamil Nadu.
Diesel, the country’s most used fuel, has surpassed Rs 100 in some parts of Rajasthan and Odisha.
This was the 33rd price hike since 4 May, when govt oil companies resumed rate modifications after an 18-day halt caused by assembly elections in areas like West Bengal.
Petrol prices have risen by Rs 8.76 per litre in 33 increases, while diesel prices have grown by Rs 8.40 per litre in 33 increases.
The following are the most recent rates in your city:
Delhi: Petrol prices – ₹99.16 per litre; diesel prices – ₹89.18 per litre
Mumbai: Petrol prices – ₹105.24 per litre; diesel prices – ₹96.72 per litre
Kolkata: Petrol prices – ₹99.04 per litre; diesel prices – ₹92.03 per litre
Chennai: Petrol prices – ₹100.13 per litre; diesel prices – ₹93.72 per litre
Bengaluru: Petrol prices – ₹102.48 per litre; diesel prices – ₹94.54 per litre
Hyderabad: Petrol prices – ₹103.05 per litre; diesel prices – ₹97.20 per litre
The Sri Ganganagar region of Rajasthan, located near the India-Pakistan border, was the first in the country to see petrol prices reach Rs 100 per litre in mid-February, and it continues to have the highest gasoline costs.
In some small city, a litre of fuel costs Rs 110.40, while diesel costs Rs 102.42.
India’s fuel requirements
Fuel demand in the country returned in June, thanks to an uptick in economic activity following the lifting of coronavirus restrictions, which boosted petrol sales to 90% of pre-virus levels.
In June, gasoline sales increased 5.5 percent year over year to 2.12 million tonnes. It was up 29.35% from May, but 10.4% lower than pre-Covid levels in June 2019, according to preliminary statistics from state fuel retailers.
Diesel, the country’s most popular fuel, saw an 18.5 percent increase in sales from May to 5.35 million tonnes, but was down 1.84 percent from June 2020 and 18.8 percent from June 2019.
This is the first gain in a month since March.