Fuel Rates Hiked Sharply; Petrol Price In Mumbai Crosses INR 99-Mark

On Friday, May 21, the fuel rates have been hiked across the metros after a gap of two days. The petrol and diesel prices were raised by 19 paise and 29 paise per litre respectively.

It is the eleventh time since May 4, when the state-owned oil companies ended a hiatus in rate revision that was observed during assembly elections. As per dynamic pricing, OMCs revise the pump prices of petrol and diesel on a daily basis.

Amongst the metro cities, Petrol and diesel prices are the highest in Mumbai. However, with today’s hike, it has inched even closer to reaching the century mark. 

Further, many districts in Maharashtra  have petrol prices already crossed the psychological barrier of INR 100-a-litre.

Moreover, the Sri Ganganagar district of Rajasthan has the costliest petrol and diesel in the country at INR 104 per litre and INR 96.62 a litre respectively.

According to reports, Central and state taxes make up for over 61 per cent of the retail price of petrol and about 56 per cent of diesel. The Union government levies INR 32.9 per litre of excise duty on petrol and INR 31.80 a litre on diesel.

Here are the latest petrol and diesel prices across four metro cities:

Delhi              93.04          83.80

Mumbai        99.32         91.01

Chennai         94.71         88.62

Kolkata          93.11        86.64

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