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Petrol price crosses Rs 90/litre mark in Bhopal

Petrol prices in Madhya Pradesh's Bhopal crossed Rs 90 per litre mark on Monday. 

India TV Business Desk India TV Business Desk
New Delhi Updated on: November 30, 2020 16:56 IST
Petrol price crosses Rs 90/litre mark in Bhopal
Image Source : FILE

Petrol price crosses Rs 90/litre mark in Bhopal

Petrol prices in Madhya Pradesh's Bhopal crossed Rs 90 per litre mark on Monday. Petrol rate was Rs 90.05 per litre while diesel was being sold at Rs 80.10 per litre in the state capital on Monday, said Madhya Pradesh Petrol Pump Owners Associations president Ajay Singh.

He said that crude prices are going up due to increasing demand following the easing of coronavirus-induced-lockdown across the world.

Besides, the rates are also more in Madhya Pradesh due to a higher rate of Value Added Tax (VAT), he said.

According to Singh, the rate of VAT on petrol and diesel in Madhya Pradesh is 39 per cent and 28 per cent, respectively.

These rates are higher compared to other states, he said.

Singh said that in some cities of Madhya Pradesh, petrol prices have crossed Rs 91 mark for the first time. 

(With Inputs from PTI)

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