Petrol price breaches Rs 107/L mark in Mumbai. Check fuel rates in your city
Business | July 15, 2021 9:21 ISTRates have been increased across the country and differ from state to state depending on the incidence of value-added tax.
Rates have been increased across the country and differ from state to state depending on the incidence of value-added tax.
The much-debated fuel prices and the current coronavirus situation in the country were among the prominently discussed issues in the Council of Ministers' meeting chaired by Prime Minister Narendra Modi via video conferencing on Wednesday, sources told India TV.
Petrol prices were hiked across major cities on Monday, according to data from the Indian Oil Corporation (IOC). In Delhi, petrol was hiked by 28 paise from Rs 100.91 per litre to Rs 101.19 per litre.
After crossing $77 a barrel, global crude prices have softened a bit with differences surfacing in oil cartel OPEC over continuation of production cuts.
Petrol and diesel prices have been hiked again on Thursday. While petrol becomes dearer by 0.35 paise, diesel by 0.9 paise in Delhi. Petrol is retailing at Rs 100.56 per litre in the national capital and diesel at Rs 89.62.
While petrol was priced at Rs 99.86 per litre in Delhi after 35 paise hike, people in the national capital have to shell out Rs 89.36 (unchanged today) for one litre of diesel.
Accordingly, the retail price of petrol increased by 35 paise per litre in the national capital on Friday to Rs 99.16 while diesel prices maintained previous days price line of Rs 89.18 a litre.
Petrol and diesel prices in India have been hiked again pushing the rates to fresh all-time record highs. In many states, the petrol prices have already crossed the Rs 100 mark, while diesel charges are also nearing the set mark.
His remarks came a day after petrol prices were hiked by 31 to 35 paise while diesel by 26 to 30 paise on June 29, taking the fuel prices across the country to a historic high.
Fuel prices in the country have been on the rise in the last few months.
Local resident Tamanna Hashmi filed the case before the court of Chief Judicial Magistrate, Muzaffarpur, alleging that it was a "conspiracy" to sell petrol at high rates across the country.
Petrol is now retailing above Rs 100 per liter in many parts of the country. Diesel, too, has climbed to levels never seen before in the country which is causing difficulties to the people.
The hike on Tuesday was the 28th increase in prices since May 4, when state-owned oil firms ended an 18-day hiatus in rate revision they observed during assembly elections in states like West Bengal.
On Tuesday, the oil marketing companies (OMCs) raised the price of petrol and diesel between 25-30 paise per litre across the four metros.
Petrol is selling for Rs 97.22 per litre in Delhi on Sunday, up from Rs 96.93 on Saturday.
In Mumbai, where petrol price crossed Rs 100 mark for the first time ever on May 29, the fuel price reached new high of Rs 103.08 per litre on Friday. Diesel price also increased in the city by 30 paisa per litre to reach Rs 95.14 a litre, the highest among metros.
Petrol and diesel prices were hiked again on Monday by up to 29 to 31 paise, according to price notification by the oil retailers, taking fuel prices to fresh record high levels.
Petroleum Minister Dharmendra Pradhan on Sunday accepted that high fuel prices have been a cause of difficulty to the general public.
The price of petrol crossed the Rs 100-mark in Ladakh and stood at Rs 101.95 per litre on Monday.
Diesel price on Saturday breached the Rs 100 per litre mark in Rajasthan after yet another increase in fuel rates, which also led to Karnataka becoming the 7th state to record Rs 100 a litre petrol.
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