Petrol, diesel price hold steady on June 28; check rates in top cities

Petrol and diesel prices remained unchanged on June 26 across the country after two consecutive hikes. The auto fuel prices had touched a new all-time high on Sunday, with petrol and diesel becoming costly by 36 paise and 27 paise respectively.

Today, a litre of petrol and diesel in the national capital is being sold at Rs 98.46 and Rs 88.90 respectively, according to Indian Oil Corporation, the country’s largest fuel retailer.

In Mumbai, a litre of petrol and diesel will cost Rs 104.56 and Rs 96.42. Currently, fuel prices are highest in Mumbai among all metro cities.

Yesterday’s rise added up to Rs 7.72 for petrol and Rs 7.84 for diesel. This is the 29th price hike since May 4, when the state-owned oil firms ended an 18-day hiatus in rate revision in May and the 15^th hike of the month. Petrol price had increased by Rs 3.83 in May, while diesel price has gone up by Rs 4.43 per litre.

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 then states and union territories – Rajasthan, Madhya Pradesh, Maharashtra, Andhra Pradesh, Telangana, Karnataka, Jammu & Kashmir, Odisha, Manipur and Ladakh. Sri Ganganagar district of Rajasthan has the costliest petrol and diesel in the country with Rs 109.49 per litre and Rs 101.96 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 difference 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.