PTIPetrol and diesel prices rose again across the country today to a fresh record hike. After today's hike, 18th in the last one month, petrol is now selling at Rs 100 per litre in at least six states. Petrol prices were hiked 27 paise per litre and diesel by 28 paise a litre today, according to the price listed on state-owned fuel companies website. In 18 hikes, petrol price has risen by Rs 4.36 per litre and diesel by Rs 4.93 a litre since May 4.
The petrol prices have already crossed the Rs 100-per-litre mark in several states including Rajasthan, Madhya Pradesh, Maharashtra, almost all distrcits of Andhra Pradesh, parts of Telangana and in Leh.
Petrol is sold at over Rs 100 per litre in almost all districts of Andhra Pradesh, except Vizag where it costs 99.75 a litre. In Telangana, petrol prices crossed the psychological level in Adilabad (Rs 100.57) and Nizamabad (Rs 100.17).
Petrol costs Rs 100.43 a litre in Leh.
In Delhi, petrol is selling at an all-time high of Rs 94.76 a litre, while diesel is now at Rs 85.66 per litre.
Fuel prices differ from state to state depending on local taxes like VAT and freight charges.
Fuel prices are higher in some states like Rajasthan, Madhya Pradesh and Maharashtra, in comparison to other states as they levy a higher VAT on fuel. Rajasthan levies the highest VAT on fuel in the country, followed by Madhya Pradesh, Maharashtra, Andhra and Telangana.
The fuel prices are on the boil due to surging crude oil prices in the international markets. Global crude oil-price benchmark, Brent crude, has risen above $71 per barrel for the first time in two years.
Members of the Organization of the Petroleum Exporting Countries and their allies, a group known as OPEC+, earlier this week agreed to continue relaxing curbs on oil production, signalling their confidence in improving oil demand and a drop in the global supply glut.
The rollout of vaccines is helping governments to reduce coronavirus restrictions and resume more normal economic activity. That will help pare global oil stocks - which at one point last year threatened to overwhelm the world's ability to store them.
(Inputs from PTI)
The petrol prices have already crossed the Rs 100-per-litre mark in several states including Rajasthan, Madhya Pradesh, Maharashtra, almost all distrcits of Andhra Pradesh, parts of Telangana and in Leh.
Petrol is sold at over Rs 100 per litre in almost all districts of Andhra Pradesh, except Vizag where it costs 99.75 a litre. In Telangana, petrol prices crossed the psychological level in Adilabad (Rs 100.57) and Nizamabad (Rs 100.17).
Petrol costs Rs 100.43 a litre in Leh.
In Delhi, petrol is selling at an all-time high of Rs 94.76 a litre, while diesel is now at Rs 85.66 per litre.
Fuel prices differ from state to state depending on local taxes like VAT and freight charges.
Fuel prices are higher in some states like Rajasthan, Madhya Pradesh and Maharashtra, in comparison to other states as they levy a higher VAT on fuel. Rajasthan levies the highest VAT on fuel in the country, followed by Madhya Pradesh, Maharashtra, Andhra and Telangana.
The fuel prices are on the boil due to surging crude oil prices in the international markets. Global crude oil-price benchmark, Brent crude, has risen above $71 per barrel for the first time in two years.
Members of the Organization of the Petroleum Exporting Countries and their allies, a group known as OPEC+, earlier this week agreed to continue relaxing curbs on oil production, signalling their confidence in improving oil demand and a drop in the global supply glut.
The rollout of vaccines is helping governments to reduce coronavirus restrictions and resume more normal economic activity. That will help pare global oil stocks - which at one point last year threatened to overwhelm the world's ability to store them.
(Inputs from PTI)
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