Fuel prices hike: After a one-day hiatus, petrol and diesel prices in India have been hiked again on Friday, taking the rates to fresh all-time record highs, according to a price notification of state-owned fuel retailers.
In Delhi, petrol has reached an all-time high of Rs 96.93 a litre, while diesel is at Rs 87.69 per litre. In Mumbai, the petrol price is at Rs 103.08 per litre while diesel is at Rs 95.14 per litre.
This was the 26th hike since May 4 while it is the 10th one in this month. With the latest fuel prices hike, the petrol and diesel prices in India has gone to a historic high. In Punjab, the petrol price is Rs 99.04 per litre.
Petrol above Rs 100 per litre mark in 6 states
The petrol rate is now above Rs 100 per litre mark in 6 states and UTs. These are Rajasthan, Madhya Pradesh, Maharashtra, Andhra Pradesh, Telangana and Ladakh.
Why are fuel prices rising constantly?
The fuel prices vary from state to state depending on the incidence of local taxes such as Value Added Tax and freight charges. Rajasthan is the state which levies the highest value-added tax (VAT) on petrol in the country, followed by Madhya Pradesh and Maharashtra.
Even as the rates in the international market determine the prices of auto fuels in India.
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