Petrol, diesel prices become so 'hot' for common Indians

New Delhi: The petrol and diesel continue to its saga of setting new highs day a day in the country as it almost became a 'hot' commodity for the common people. Prices of petrol and diesel were hiked once again today, taking the fuel prices in India to a historic high.

According to the data from the country's largest fuel retailer Indian Oil, the petrol prices in Delhi have been increased by 29 paise from Rs 95.56 per litre to ₹ 95.85 per litre and diesel prices have been hiked by an equal amount from Rs 86.47 per litre to ₹ 86.76 per litre.

Whereas in Mumbai, the revised prices of petrol and diesel stood at Rs 102.04 per litre and ₹ 94.15 per litre.

The increase on the day was the 23rd rise in prices since May 4, when state-owned oil firms ended an 18-day hiatus in rate revision they observed during assembly elections in some states.

Petrol is above the Rs 100 per litre mark in six states and union territories, including Rajasthan, Madhya Pradesh, Maharashtra, Andhra Pradesh, Telangana and Ladakh.

Fuel prices differ from state to state depending on the incidence of local taxes such as value-added tax or VAT and freight charges.

Revised fuel prices of other states

-Chennai: Petrol prices – Rs 97.19 per litre; Diesel prices – Rs 91.42 per litre

-Kolkata: Petrol prices – Rs 95.80 per litre; Diesel prices – Rs 89.60 per litre

-Pune: Petrol prices – Rs 101.64 per litre; Diesel prices – Rs 92.32 per litre

-Bengaluru: Petrol prices – Rs 99.05 per litre; Diesel prices – Rs 91.97 per litre

-Hyderabad: Petrol prices – Rs 99.62 per litre; Diesel prices – Rs 94.57 per litre

-Noida (UP): Petrol prices – 93.20 per litre; Diesel prices – Rs 87.23 per litre

-Mohali (Punjab): Petrol prices – Rs 97.98 per litre; Diesel prices – 89.67 per litre

-Chandigarh: Petrol prices Rs 92.19 per litre; Diesel prices – Rs 86.40 per litre

-Gurugram (Haryana): Petrol prices – Rs 93.65 per litre; Diesel prices – Rs 87.34 per litre

The state-run oil marketing companies - Indian Oil Corporation (IOC), Bharat Petroleum and Hindustan Petroleum align the rates of domestic fuel with that of global crude oil prices by taking into account any changes in foreign exchange rates. Any changes in fuel prices are implemented with effect from 6 am every day.