Petrol, diesel prices hold steady on June 10 after a day’s rise; check rates in top cities

Petrol and diesel prices remained unchanged on June 10 across the country after a day’s rise. The auto fuel prices touched a new all-time high on Wednesday, with petrol and diesel becoming costly by 25 paise per litre each.

Petrol prices have already breached the Rs 100-mark in Mumbai. Today, a litre of petrol and diesel in the country’s financial capital costs Rs 101.76 and Rs 93.85 respectively. Currently, fuel prices are highest in Mumbai among all metro cities.

In Delhi, a litre of petrol and diesel is selling at Rs 95.56 and Rs 86.47 respectively, according to Indian Oil Corporation, the country’s largest fuel retailer.

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

Petrol price has increased by Rs 3.83 in May, while diesel price has gone up by Rs 4.43 per litre. After today’s rise, it added up to Rs 5.01 for petrol and Rs 5.56 for diesel. This was the 22nd price hike since May 4, when the state-owned oil firms ended an 18-day hiatus in rate revision in May.

Fuel price above Rs 100 mark:

Petrol prices have already crossed the Rs 100-mark in parts of Rajasthan, Madhya Pradesh and Maharashtra. Sri Ganganagar district of Rajasthan has the costliest petrol and diesel in the country at Rs 106.64 per litre and Rs 99.50 a litre, respectively.

Now, diesel is also inching towards Rs 100 mark. Indore, Bhopal, Gwalior, Jaisalmer, Jaipur, Banswara, Ratnagiri, Parbhani and Aurangabad are few cities selling petrol 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.