New Delhi. There was no change in the prices of petrol and diesel on Wednesday after reaching a record high in the country. At the same time, the price of petrol in Mumbai is being sold at the highest price of Rs 103.63 per liter. People are worried about the increase in the prices of petrol and diesel. Inflation rate is also increasing in the country.
sales down by a third
According to experts, due to the heavy tax imposed on fuels, the prices of petrol and diesel are increasing continuously in the country. We are the third largest country in the world as an importer of crude oil during the Corona epidemic. However, in the month of May, the sales of petrol and diesel were one-third less than the pre-virus in 2019. The reason for this was the lockdown imposed in different parts of the country.
Changed the prices 28 times
Fuel prices in India have been witnessing a steep hike since the beginning of last month. State-run oil marketing companies have changed the rates of petrol and diesel at least 28 times in the last seven weeks.
Petrol being sold in these states at a price of more than Rs.
In eight states and union territories- Rajasthan, Madhya Pradesh, Maharashtra, Andhra Pradesh, Telangana, Karnataka, Jammu and Kashmir and Ladakh, petrol is being sold at more than Rs 100 per liter. In metro cities Mumbai, Hyderabad and Bangalore, petrol has reached more than Rs 100.
Highest price of petrol in Mumbai
Petrol in Mumbai is being sold at the highest price of Rs 103.63 per liter. On May 29, the retail price of petrol reached Rs 100 per liter. The price of one liter of petrol in Delhi has reached Rs 97.50. 98.65 rupees have to be spent for fuel in Chennai. Petrol in Kolkata is being sold for Rs 97.38.
Diesel prices have also seen a sharp jump in the last few weeks. The price of a liter of diesel in Mumbai is Rs 95.72 per litre. Diesel costs Rs 88.23 in Delhi, Rs 92.83 in Chennai and Rs 91.08 in Kolkata.
The central government and states levy various taxes like excise duty and value added tax (VAT) on petrol and diesel. Due to this the prices are increasing. Central and state taxes make up 60 per cent of the retail sale price of petrol and 54 per cent of diesel.