New Delhi: Petrol and diesel costs on Tuesday was but once more hiked after being paused on Monday by the oil advertising firms.
Petrol price on Tuesday was elevated by 27 paise per litre and diesel by 29 paise, pushing rates throughout the nation to report highs and that of petrol in Mumbai crossed Rs 99 a litre.
In Delhi petrol costs stands at Rs 92.85 per litre and diesel at Rs 83.51 per litre in response to a price notification of state-owned gas retailers. A litre of petrol in Mumbai now comes for Rs 99.14 and diesel is priced at Rs 90.71 per litre.
Here is wanting on the price distinction of diesel and petrol in 4 metro cities on May 18, 2021.
| City | Petrol | Diesel |
|---|---|---|
| Delhi | 92.85 | 83.51 |
| Mumbai | 99.14Â | 90.71 |
| Chennai | 94.54 | 88.34 |
| Kolkata | 92.92 | 86.35 |
Rates had already crossed Rs 100-mark in a number of cities in Rajasthan, Madhya Pradesh and Maharashtra and with the most recent improve, price in Mumbai too was inching in direction of that stage.
Fuel costs differ from state to state relying on the incidence of native taxes akin to VAT and freight fees. Rajasthan levies the very best value-added tax (VAT) on petrol in the nation, adopted by Madhya Pradesh and Maharashtra.
Since March final 12 months when the federal government raised excise responsibility on gas to an all-time excessive, petrol price has elevated by a report Rs 22.99 per litre (after accounting for a handful of events when rates fell) and diesel by Rs 20.93.
Central and state taxes make up for 60 per cent of the retail promoting price of petrol and over 54 per cent of diesel. The union authorities levies Rs 32.90 per litre of excise responsibility on petrol and Rs 31.80 on diesel.
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