Petrol, Diesel prices increases again after a day’s halt

According to a price notification by the state owned fuel retailers, the fuel price across the country reached record high. 

After a day’s halt, prices of petrol increased by 34 to 43 paisa on July 10. Diesel on other hand surged by 28 to 36 paisa. According to a price notification by the state owned fuel retailers, the fuel price across the country reached record high.

The petrol price in Mumbai stood to be Rs 106.97 a liter following the increase of 38 paisa. On May 29, Mumbai became the first metro in the country to sell petrol over Rs 100- a- liter mark. The price of Diesel came to be Rs 97.5 a liter after the rise of 32 paisa.

Meanwhile, in Delhi the price of petrol came nearly to Rs 101. Two days, after the national capital surpassed the Rs 100 mark. The fuel retailed at Rs 100.95 a litre in the city increasing by 39 paisa. The price of diesel reached Rs 89.92 per liter, up by 32 paisa.

Kolkata, too crossed the Rs 100 mark. With an increase of 43 paisa, the price of petrol marked to be Rs 101.5 per liter. Diesel price soared by 36 paisa to settle at Rs 93.01 per liter.

Chennai too witnessed the hike in the prices of petrol and diesel by 34 and 28 paisa respectively. Petrol’s price in the city rose to Rs 101.71 per liter. Diesel’s price stood at Rs 94.43 per liter.

Following the conclusion of 18-day hiatus in rate revision observed during the assembly elections in the states like west Bengal, the 10 July hike in the price of petrol is the 38th rise, since May 4.

Fuel price varies from states to states. The variation is considered on the incidence of local taxes such as VAT and freight charges. Reportedly, Rajasthan places the highest VAT in petrol and diesel across the country. Madhya Pradesh, Maharashtra, Andhra Pradesh and Telangana are among others.

In the Union Territories and the states of Rajasthan, Madhya Pradesh, Maharashtra, Andhra Pradesh, Telangana, Karnataka, Jammu and Kashmir, Odisha, Tamil Nadu, Kerala, Bihar, Punjab, Ladakh, Sikkim, Puducherry and Delhi, the price of petrol moved beyond the Rs 100 per liter mark.

Diesel, one of the most used fuel is above that level in some states like Rajasthan, Odisha and Madhya Pradesh.

Oil companies revised rates of petrol and Diesel in accordance to the average price of the benchmark fuel in the international market in the past 15 days, and foreign exchange rates.

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