Petrol, diesel prices rise after being static for two days: check rates in top cities

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Petrol and diesel prices increased on May 21 after remaining static for two days. The auto fuel prices touched a new all-time high on Friday, with petrol becoming costly by 19 paise and diesel by 30 paise per litre.

After today’s revision, a litre of petrol in Delhi will cost Rs 93.04 and diesel Rs 83.80, according to Indian Oil Corporation, the country’s largest fuel retailer. While in Mumbai, a litre of petrol and diesel costs Rs  99.32 and Rs 91.01 respectively.

Petrol prices have already crossed the Rs 100-mark in parts of Rajasthan, Madhya Pradesh and Maharashtra. Now, the price in Mumbai too inched closer to Rs 100 per litre.

Petrol price has increased by Rs 2.64 so far in May, while diesel price has surged Rs 3.07 per litre. This is the eleventh increase since May 4, when the state-owned oil firms ended an 18-day hiatus in rate revision during assembly elections in states like West Bengal.

Sri Ganganagar district of Rajasthan has the costliest petrol and diesel in the country at Rs 103.52 per litre and Rs 95.99 a litre, respectively.

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

Fuel prices differ from state to state depending on the incidence of local taxes such as VAT and freight charges. Rajasthan levies the highest value-added tax (VAT) on petrol in the country, followed by Madhya Pradesh.

For diesel, the central add excise duty up to Rs 31.83 and VAT to Rs 10.99. Besides, the price also includes a dealer commission of a minimum of Rs 2.6 per litre on petrol and Rs 2 on diesel. Any changes in fuel rates are implemented with effect from 6 am each day.