Petrol and diesel prices were hiked again on Monday by oil companies. While petrol price saw a hike of 28-29 paise per litre, diesel prices were hiked by 26-28 paises per litre.
Petrol is now priced at Rs 100.47 per litre while diesel is available at Rs 92.45 per litre. Notably, petrol price had breached Rs 100-mark in the country's financial capital on Saturday after a hike of 25 paise.
In Delhi, one has to shell out Rs 94.23 to buy a litre of petrol and Rs 85.15 for a litre of diesel.
In Bhopal, petrol is retailing at Rs 102.34 per litre and diesel at Rs 93.37. After today's hike, petrol in Kolkata has gone up to Rs 94.25 per litre and diesel Rs 87.74.
Monday's hike is the 17th hike in May. Notably, the month of May has seen one of the steepest hikes in petrol and diesel prices this year.
Oil companies revise rates of petrol and diesel daily based on the average price of benchmark fuel in the international market in the preceding 15-days, and foreign exchange rates.
Fuel prices differ from state to state depending on the incidence of local taxes such as VAT and freight charges. Rajasthan levies the highest value-added tax (VAT) on petrol in the country, followed by Madhya Pradesh and Maharashtra.