Petrol crosses Rs 100 mark in Delhi, Kolkata; check rates in top cities

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Petrol price in Delhi crossed the psychological barrier of Rs 100 per litre mark on Wednesday following another revision in fuel prices. After Wednesday’s hike, a litre of petrol in the national capital will cost Rs 100.21 and diesel Rs 89.53, according to Indian Oil Corporation, the country’s largest fuel retailer.

The auto fuel prices hit record highs on July 7, with petrol and diesel becoming costly by 35 paise and 17 paise, respectively.

In Kolkata and Mumbai Petrol prices breached the 100 rupee mark as a litre of petrol costs Rs 100.23 and Rs 106.25 with diesel prices at Rs 92.50 and Rs 97.05, respectively.

Today’s hike, 36th since May 4 when fuel prices started increasing after Bengal elections, added up to Rs 9.52 for petrol and Rs 9.65 for diesel. This is also, the 4th hike of the current 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. 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.