The prices of petrol and diesel have been hiked again by the state-run Oil Marketing Companies (OMC). It will be the second hike in a row this week. In Delhi, the price of petrol has gone up by 27 paise to Rs 96.12 per litre. Whereas diesel became costlier by 23 paise and now stands at Rs 86.98 per litre in the national capital.
In the financial capital, auto fuel is retailing at a record high since May 29 when the price of petrol crossed the Rs 100 mark. After hike, petrol prices have touched new heights in Mumbai by retailing at Rs 102.30 per litre while diesel is priced at Rs 94.39 per litre.
The prices of petrol and diesel in the states of Rajasthan and Madhya Pradesh are also on a rise. In May, Bhopal became the first capital state in India where the price of petrol crossed the Rs 100 mark followed by Jaipur. As of today, petrol is priced at Rs 104.29 per litre in Bhopal while a litre of petrol costs Rs 102.73 in Jaipur.
The prices for petrol and diesel differ from state to state depending upon the value-added tax (VAT) and transportation charges. Rajasthan, for instance, levies the highest VAT in the country, followed by Madhya Pradesh and Maharashtra. The taxes levied by both the centre and state together make up for 60 per cent of the retail selling price of petrol and 54 per cent of that of diesel.
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