Fuel Prices Soar For Fifth Consecutive Day; Petrol Price Reach Fresh Record High In Nation’s Capital

The fuel prices have been proving to a headache to the majority of the people in India. Each day the prices of the auto fuels are fluctuating and are soaring to new highs. As of Saturday, the fuel prices were revised across the country for the fifth consecutive day.

The state-run Oil Marketing Companies (OMC) have hiked the prices of petrol and diesel by 30 and 36 paise per litre respectively. With the latest spike, one litre of petrol in the nation’s capital is selling at a fresh record high of Rs 88.44 with 30 paise hike. On the other hand, diesel in Delhi is being sold at Rs 78.34 per litre which is 36 paise than the previous session.

In the financial capital of India, fuel prices are the highest among the four metro cities. As of now, the petrol available nearly touching Rs 95 mark. The price of Petrol in Mumbai is Rs 94.393 per litre, while diesel is retailing at Rs 87.70 a litre, which is a hike of 30 and 38 paise per litre respectively.

Speaking of the auto fuel prices in Chennai and Kolkata, petrol is being sold at Rs 90.70 and Rs 89.73 a litre, while diesel is available at Rs 83.96 and Rs 82.33 for every litre respectively.

On Saturday, in Noida, the petrol was being sold at Rs 87.28 per litre, while diesel prices have soared to Rs 79.16 per litre.

It will be interesting to know that among all major cities in India, auto fuel prices are the lowest in Delhi.

For the unknown, the petrol and diesel prices vary from state to state. It is because of the various tax levied by central government and state government concerned. In Delhi, it is the Centre makes up for Rs 32.98 per litre of the price of petrol. On the other hand, the sales tax or Value Added Tax “(VAT) of the local government constitutes Rs 19.55.

While the corresponding rates for diesel are Rs 31.83 and Rs 10.99 respectively.

by siddhi ajgoankar | Sat, Feb 13 - 11:58 AM

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