Petrol breaches Rs 100 per litre mark in Mumbai

Petrol breaches Rs 100 per litre mark in Mumbai

Mumbai, May 29, 2021

Mumbai has become the first metro city in India that is selling petrol at over Rs 100 per litre to consumers.

Maintaining the price rise momentum, oil companies raised the price of petrol and diesel again on Saturday by 25-30 paise per litre. With this, petrol prices rose 25 paise per litre in Mumbai taking up the retail price there from Rs 99.94 per litre a day earlier to Rs 100.19 per litre on Saturday.

Diesel price in the city is also the highest among metro cities at Rs 92.17 per litre, increasing by 30 paise from the previous level on Saturday.

At over Rs 100 a litre, petrol price in Mumbai is at a historic high level. Never before has the fuel price come even closer to this mark.

But Mumbai does not have unique distinction of breaching the Rs 100 pet litre mark. Neighbouring Thane already 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 already 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 the price rise on Saturday, in Delhi petrol is being sold at Rs 93.94 a litre while diesel is at Rs 84.89 a litre, an increase of 26 paise and 29 paise per litre, respectively, over the previous day's price. Across the country as well, petrol and diesel prices increased on Saturday but the quantum varied depending on the level of local taxes in different states.

With Saturday's price rise, fuel prices have now increased on 15 days and remained unchanged on 14 days so far in the month of May. The 15 increases in May have taken up petrol prices by Rs 3.54 per litre in Delhi. Similarly, diesel prices have increased by Rs 4.17 per litre in national capital.


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