Petrol, diesel prices hold steady on July 9; check rates in top cities

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Petrol and diesel prices remained unchanged on July 9 after rising for two consecutive days. The auto fuel prices had touched record high levels on Thursday, with petrol and diesel becoming costly by 35 paise and 9 paise respectively.

Today, a litre of petrol in Delhi is being retailed at Rs 100.56 and diesel at Rs 89.62, according to Indian Oil Corporation, the country’s largest fuel retailer.

In Mumbai, a litre of petrol and diesel will cost Rs 106.59 and Rs 97.18. Currently, fuel prices are highest in Mumbai among all metro cities.

After yesterday’s rise, it added up to Rs 9.87 for petrol and Rs 9.80 for diesel. It was the 37^th  price hike since May 4 when fuel rates started increasing after the elections. This was also, the 5th hike of the 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 almost 17 states and union territories including Rajasthan, Madhya Pradesh, Maharashtra, Andhra Pradesh, Telangana, Karnataka, Tamil Nadu, Jammu & Kashmir, Odisha, Manipur, Ladakh, Bihar, Punjab and others. Sri Ganganagar district of Rajasthan has the costliest petrol and diesel in the country with petrol at Rs 111.87 and diesel at Rs 102.87. 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.