After a day’s hiatus, gasoline and diesel prices rose again on Sunday for the twelfth month, according to a price notification by state-owned fuel retailers.
As gasoline prices rose 17 paise to ₹93.21 per liter in Delhi, diesel prices soared to ₹84.07 per liter after the addition of 27 paise.
The tariffs had already crossed the ₹100 brands in several cities of Rajasthan, Madhya Pradesh and Maharashtra. With the latest increase, the price in Mumbai was also approaching the level.
Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) review fuel prices daily based on international benchmark prices and exchange rates.
The rise comes despite fuel demands that suffered in the first half of May due to the Covid-induced lockdown in several states.
Road transport fuel sales from May 1 to 15 fell by a fifth from the previous month and by around 28% from the same period in 2019, reported Bloomberg.
Here are the latest rates in your city:
Bombay: Gasoline prices – ₹99.49 per liter; diesel price – ₹91.30 per liter
Calcutta: Gasoline prices – ₹93.27 per liter; diesel price – ₹86.91 per liter
Chennai: Gasoline prices – ₹94.86 per liter; diesel price – ₹88.87 per liter
Bengaluru: Gasoline prices – ₹96.31 per liter; diesel price – ₹89.12 per liter
Hyderabad: Gasoline prices – ₹96.88 per liter; diesel price – ₹91.65 per liter
Thiruvananthapuram: Gasoline prices – ₹95.19 per liter; diesel price – ₹90.36 per liter
Jaipur: Gasoline prices – ₹99.68 per liter; diesel price – ₹92.78 per liter
Patna: Gasoline prices – ₹96.19 per liter; diesel price – ₹90.07 per liter
Chandigarh: Gasoline prices – ₹89.66 per liter; diesel price – ₹83.73 per liter
Fuel prices vary from state to state depending on the incidence of local taxes such as VAT and freight charges. Rajasthan levies the country’s highest value added tax (VAT) on gasoline, followed by Madhya Pradesh.
Central and state taxes account for 60% of the retail price of gasoline and over 54% of diesel. The union government levies ₹32.90 per liter of excise duty on gasoline and ₹31.80 on diesel.
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