On Monday, the price of petrol increased by 26 paise per litre, while the price of diesel increased by 33 paise. After a two-day hiatus, fuel prices have been raised. Check your city’s current pace.
After a two-day pause, state-run oil marketing companies (OMCs) raised fuel prices on Monday.
According to a new notification from state-owned fuel retailers, the price of petrol has increased by around 26 paise per litre, whereas the price of diesel has increased by 33 paise.
Meanwhile, Maharashtra has become the third state to pass the Rs 100 mark, following Rajasthan and Madhya Pradesh. After today’s hike, a litre of petrol in Maharashtra’s Parbhani costs Rs 100.20.
The fuel costs Rs 102.42 per litre in the Rajasthan district of Sri Ganganagar and Rs 102.12 in the Madhya Pradesh district of Anuppur.
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Prices have risen dramatically in other major cities as well
It should be noted that state-run OMCs such as Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum revise petrol and diesel prices on a daily basis based on foreign exchange rates.
The price of petrol and diesel in India has recently risen due to higher demand and firmer global crude oil prices.
The main reason for high fuel prices in India, however, is the tax levied on them. Central and state taxes account for 60% of the retail selling price of gasoline and more than 54% of the retail selling price of diesel. The excise duty on petrol is Rs 32.90 per litre, while diesel is Rs 31.80.