Petrol, diesel prices hold steady on July 6; check rates in top cities

Petrol and diesel prices were unchanged on July 6 across the country after rising for two days. The auto fuel prices had touched record high levels on Monday, with petrol and diesel becoming costly by 35 paise and 36 paise respectively.

Today, a litre of petrol and diesel in the national capital is being retailed at Rs 99.86 and Rs 89.36 respectively, according to Indian Oil Corporation, the country’s largest fuel retailer.

In Mumbai, a litre of petrol and diesel costs Rs 105.92 and Rs 96.91. Currently, fuel prices are highest in Mumbai among all metro cities.

After yesterday’s rise, it added up to Rs 9.17 for petrol and Rs 9.48 for diesel. It was the 35th  price hike since May 4 when fuel rates started increasing after the state elections. This was also, the 3rd hike of the month. The prices were hiked 16 times in June.

Here is the list of fuel prices in top-10 cities

Fuel price above Rs 100 mark

Petrol prices have already crossed the Rs 100-mark in eleven states and union territories – Rajasthan, Madhya Pradesh, Maharashtra, Andhra Pradesh, Telangana, Karnataka, Tamil Nadu, Jammu & Kashmir, Odisha, Manipur, Ladakh and some cities of Bihar and Punjab. Sri Ganganagar district of Rajasthan has the costliest petrol and diesel in the country with Rs 111.34 per litre and Rs 102.97 a litre. Indore, Bhopal, Gwalior, Jaisalmer, Jaipur, Banswara, Ratnagiri, Parbhani and Aurangabad are also few cities selling auto fuel above Rs 100 mark.

Prices differ due to differences in taxes

Fuel prices differ from state to state depending on the incidence of local taxes such as VAT and freight charges.  Central and state taxes make up for 60% of the retail selling price of petrol and over 54% of diesel. The union government levies Rs 32.90 per litre of excise duty on petrol. Rajasthan levies the highest value-added tax (VAT) on petrol in the country, followed by Madhya Pradesh.