New Delhi. Petrol prices crossed Rs 100 a liter in Chennai as well as some places in Punjab and Kerala after the fuel price was hiked once again on Friday. Petrol has reached above Rs 99 per liter in Delhi and Kolkata. Only in these two metros, the price of petrol has not yet reached Rs 100 a liter.
According to the price notification of public sector retail fuel companies, the price of petrol was increased by 35 paise per liter on Friday. However, there was no change in the price of diesel. Earlier, on Thursday, the price of domestic cooking gas (LPG) was increased by Rs 25.50 per cylinder (14.2 kg).
The cost of subsidized and non-subsidized LPG cylinder in Delhi is now Rs 834.50. In the last two months, the price of petrol has been increased 33 times. Due to this, fuel prices reached new highs in many parts of the country. In Chennai, the price of petrol reached Rs 100.13 per liter while diesel remained unchanged at Rs 93.72 per litre. Petrol in Delhi has reached Rs 99.16 per liter while in Kolkata Rs 99.04 per liter.
Petrol in other metros like Mumbai, Bengaluru, Hyderabad and Pune crossed Rs 100 a liter last month. Fuel prices vary from state to state due to different rates of local taxes, such as freight charges and value-added tax (VAT). Due to this, petrol has reached above Rs 100 a liter in some places in Punjab and in entire Kerala. Petrol in Jalandhar in Punjab is Rs 100.22 a liter while in Thiruvananthapuram in Kerala is Rs 101.14 a liter.
With the latest price hike, petrol has crossed Rs 100 a liter in Rajasthan, Madhya Pradesh, Maharashtra, Andhra Pradesh, Telangana, Karnataka, Jammu and Kashmir, Odisha, Tamil Nadu, Kerala, Bihar, Punjab and Ladakh. It is above Rs 99 per liter in Puducherry and Gangtok. Diesel prices have crossed Rs 100 a liter in Sriganganagar and Hanumangarh districts of Rajasthan and some parts of Odisha.
In Maharashtra’s capital Mumbai, the price of petrol has gone up to Rs 105.24 a liter and diesel to Rs 96.72 a liter. At the same time, in the sub-capital Nagpur, Rs 105.01 a liter and diesel has become Rs 95.04 a liter. The most expensive petrol in the state is available in Aurangabad. Here petrol has to be paid Rs 106.48 for one liter of petrol.
The increase in fuel prices on Friday is the 33rd increase since May 4. Earlier, there were no changes in fuel prices for 18 days due to assembly elections in West Bengal and other states. Petrol has become costlier by Rs 8.76 a liter in a total increase of 33 times while diesel has become costlier by 8.45 liters in an increase of 32 times.
Oil companies revise the prices of petrol and diesel on a daily basis based on the last 15 days average price of the standard fuel in the international market and the foreign exchange rate. With the improvement in demand, oil prices in the international market have risen recently. Standard Brent crude has touched $75 a barrel for the first time since April 2019. (with agency input)