Fuel Price

Mumbai is not the only city to have the unique distinction of petrol breaching the Rs 100 per litre mark. Thane reached the mark a few days back while 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.

In Delhi, the fuel was sold for Rs 95.03 a litre, up from Rs 94.76 on Saturday. The price of petrol in Mumbai crossed the Rs 101-a-litre mark at Rs 101.25 per litre. In Chennai and Kolkata, the fuel was sold for Rs 96.47, Rs 95.02, respectively, higher than the levels on Saturday. Similarly, diesel prices also rose across the four cities.

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 up to 29 paise per litre even on Monday.

Accordingly, in the national capital, diesel price remains at Rs 84.07 per litre while petrol at 93.21 per litre.  Similarly, in Mumbai, Chennai and Kolkata, diesel continues to be priced at Sunday's level of Rs 91.30, Rs 88.87 and Rs 86.91 per litre respectively, and petrol at Rs 99.49, Rs 94.86 and Rs 93.27 per litre, respectively.

Accordingly, the price of petrol continues to remain at Tuesday level of Rs 92.85 a litre and diesel Rs 83.51 per litre in Delhi. Across the country as well the petrol and diesel prices remained static on Wednesday but its actual retail prices varied depending on the level of local levies in respective states.

In the national capital, petrol price increased 24 paise to Rs 92.58 per litre, up 24 paise from the previous level. Similarly, the price of diesel rose 27 paise to Rs 83.22 a litre. In Mumbai, Chennai and Kolkata, petrol price increased to Rs 98.88, Rs 92.67 and Rs 94.31 per litre, respectively, and that of diesel was at Rs 90.40, Rs 86.06 and Rs 88.07 per litre.

In Delhi, petrol now costs Rs 92.34 per litre and diesel is priced at Rs 82.95 per litre up from yesterday's level of Rs 92.05 and Rs 82.61 a litre respectively in the national capital. Across the country as well the petrol and diesel prices increased on Friday but its quantum varied depending on the level of local levies in respective states.

In Mumbai, petrol now comes for Rs 98.36 a litre and diesel for Rs 89.75, according to a price notification from oil marketing companies. Petrol prices in some states including Rajasthan, Madhya Pradesh and in some places in Maharastra have breached the Rs 100 per litre mark while premium petrol has been hovering above that level for some time now.

Sources indicated that price revisions may begin early next month after results to state elections are declared. However, whether price of petrol and diesel would move up or down would depend on average global price in the last fortnight of March.

Prices of the transportation fuel declined in the range of 22-19 paise across the four metros. In the national capital, petrol was sold for Rs 90.56 per litre, 22 paise lower than the previous level of Rs 90.78. In the other key cities of Mumbai, Chennai and Kolkata, the fuel was priced at Rs 96.98, Rs 92.58 and Rs 90.77 per litre, respectively, against the previous levels of 97.19, Rs 92.77 and Rs 90.98.