The state-run oil marketing companies hiked fuel prices for the 26th time since May 4. Both diesel and petrol are retailing at their record high rates. However, fuel price hike, petrol hikes with 27 paise and diesel with 28 paise.
With this, the petrol price has crossed Rs 100 per litre in over 15 cities in the country. Some of the cities are located in the following states – Maharashtra, Rajasthan, Andhra Pradesh, Madhya Pradesh, Karnataka, and Telangana.
Currently, the highest retail price of petrol records Rs 108 per litre in Rajasthan’s Sri Ganganagar; whereas diesel price has crossed Rs 100 per litre.
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Mumbai records more than Rs 100 per litre. Now, Mumbaikars paying Rs 103.08 for a litre of petrol, whereas Bengaluru crossed Rs 100 per litre after today’s hike.
Some other cities where petrol price has crossed Rs 100 per litre are Ratnagiri (Rs 104.47), Aurangabad (Rs 104.06), Gwalior (Rs 105.48), Jaisalmer (Rs 104.81), Indore (Rs 105.14), Guntur (Rs 102.80), Chikmagalur (Rs 101.06), Shivamogga (Rs 100.80), Banswara (Rs 104.68), Parbhani (Rs 105.63) and Kakinada (Rs 103.31).
Diesel and petrol prices have been continuously rising in the country due to rising international crude oil prices. One of the key factors in rising fuel prices is the taxes levied on petrol and diesel. The State and Centre governments levy the highest taxes on fuel in the world.