Petrol, diesel price hiked for fourth consecutive day, crosses 100 mark in Rajasthan, MP for second time this year

Oil marketing companies hiked fuel prices across metropolitan cities on May 4, for the first time since February 23, with the assembly elections being held in the intervening period. (Representative Image)

Fuel prices across metro cities were hiked again for the fourth consecutive day on May 7, after a hiatus of nearly two months. The prices of petrol and diesel in the national capital were hiked by 28 paise per litre and 31 paise per litre respectively.

Auto owners in Delhi shell out Rs 91.27 per litre for petrol and Rs 81.73 per litre for diesel. In Mumbai, the prices increased to Rs 97.61 per litre and Rs 88.82 per litre for petrol and diesel, respectively.

In Sri Ganganagar district of Rajasthan, petrol touched Rs 102.15 a litre, prices from oil companies showed. In Anuppur of Madhya Pradesh, petrol now costs Rs 101.86 while it is priced at Rs 99.95 a litre in Parbhani, Maharashtra. This is the second time this year that rates in some parts have crossed the Rs 100 mark - they had breached the physiological mark for the first time in mid-February.

Oil marketing companies (OMCs) had hiked fuel prices across metropolitan cities on May 4, for the first time since February 23, with the assembly elections being held in the intervening period.

Consumers in Chennai will now have to shell out Rs 93.15 per litre for petrol and Rs 86.65 per litre for diesel. In Kolkata, the prices reached Rs 91.41 per litre for petrol and Rs 84.57 per litre for diesel.

Fuel prices vary across states depending on local taxation like value added tax (VAT). Central and state taxes make up for 60 percent of the retail selling price of petrol and over 54 percent of diesel. The changes in fuel rates come into effect at 6 am every day.