Fuel prices continue northward march; petrol, diesel rise again

Fuel prices continue northward march; petrol, diesel rise again

New Delhi, June 1, 2021

After hitting new highs a day earlier, fuel prices rose once again on Tuesday taking petrol rates across the Rs 100 per litre mark in several cities across the country.

The pump prices of petrol and diesel increased by 26 paise and 23 paise per litre to Rs 94.49 and Rs 85.38 per litre, respectively, in Delhi on Tuesday.

This is the second consecutive increase in fuel prices in as many days. Petrol and diesel prices had risen by 29 paise per litre on Monday, too.

In Mumbai, where the price of petrol crossed Rs 100 for the first time on Saturday, the fuel price rose again on Tuesday by about 25 paise per litre to touch a new high of Rs 100.72 per litre. Diesel price also increased in the city by 24 paise per litre to reach Rs 92.69 a litre, the highest among metros.

Across the country as well, petrol and diesel prices increased on Tuesday but the quantum varied depending on the level of local taxes in different states.

Mumbai is not the only city to have the distinction of petrol breaching the Rs 100 per litre mark. Thane reached the mark a few days back while a few other cities in Rajasthan (including Jaipur), Madhya Pradesh and Maharashtra, having the highest VAT levels on auto fuels in the country, have been selling normal petrol for over Rs 100 a litre for the past several days.

Premium petrol prices have already crossed the Rs 100 per litre mark in the city and other parts of the country through increase in the retail rates in the months of January and February.

With Tuesday's price rise, fuel prices have now increased on 17 days and remained unchanged on 15 days since May 1. The 17 increases have taken up petrol price by Rs 4.09 per litre in Delhi. Similarly, diesel price has increased by Rs 4.66 per litre in the national capital.

IANS

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