Prices of petrol and diesel differ from state to state depending on the incidence of local taxes such as VAT and freight charges. (Representative image)
Petrol and diesel prices were kept unchanged on June 28 after reaching new record highs on the previous day, according to a price notification by state-owned fuel retailers.
The increase on June 27, second in as many days and 31st in less than two months, took rates across the country to fresh highs with Bihar becoming the latest state to see petrol cross Rs 100-a-litre mark. In 31 hikes, the price of petrol has risen by Rs 8.06 per litre and diesel by Rs 8.37 a litre.
In Delhi, petrol hit an all-time high of Rs 98.46 a litre on the day, while diesel retailed at Rs 88.90 per litre.
Like Delhi, in Mumbai, Chennai and Kolkata also, both the fuels continued to be retailed at the previous day’s rate.
In Mumbai, a litre of petrol cost Rs 104.56 while diesel priced at Rs 96.42.
The price of petrol was Rs 99.49 per litre and that of diesel was Rs 93.46 per litre in Chennai.
The fuel prices also remained the same in Kolkata where a litre of petrol was cost at Rs 98.30 while that of diesel priced at Rs 91.75.
Fuel prices differ from state to state depending on the incidence of local taxes such as VAT and freight charges. Rajasthan levies the highest VAT on petrol and diesel in the country, followed by Madhya Pradesh, Maharashtra, Andhra Pradesh and Telangana.
While petrol had crossed Rs 100-a-litre mark in Rajasthan, Madhya Pradesh, Maharashtra, Andhra Pradesh, Telangana, Karnataka, Jammu and Kashmir, Odisha, Tamil Nadu and Ladakh, several towns in Bihar saw that level after the steep price hike. In Patna, petrol now comes for Rs 100.47 a litre and diesel is priced at Rs 94.24 a litre.
Rates of diesel, the most used fuel in the country, have crossed the Rs 100-a-litre mark in Sri Ganganagar and Hanumangarh in Rajasthan as well in a couple of places in Odisha.
Among the metros, petrol is already above Rs 100 in Hyderabad and Bengaluru, besides Mumbai. And now rates are inching closer to that mark in Chennai.
Oil companies revise rates of petrol and diesel daily based on the average price of benchmark fuel in the international market in the preceding 15 days, and foreign exchange rates.
International oil prices have climbed in recent weeks on optimism of a quick recovery in fuel demand.(With inputs from PTI)