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No relief for common man as petrol and diesel prices in India hiked again

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Rajan Nath
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No relief for common man as petrol and diesel prices in India hiked again
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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.
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Also Read | Coronavirus India: More Daily Recoveries than Daily New Cases for more than a month As oil hits 2-year high, here's the outlook for SA's petrol, diesel prices next month | Fin24 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. Also Read | CBSE Class 12 result 2021 to be decided on basis of performance in Class 10, 11 & 12
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Petrol and Diesel Price Today in India: Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad and More Cities | The Financial Express

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. Petrol, diesel prices unchanged for 6th straight day

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. Click here to follow PTC News on Twitter -PTC News-
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