On Wednesday, auto fuel prices rose by 25 paise per litre, the 21st increase in 37 days, pushing diesel rates close to ₹100 per litre for the first time in India, with pumps in Rajasthan’s Ganganagar selling diesel at ₹99.50 per litre and petrol at ₹106.64 per litre, the highest in the country.
The latest price hike has boosted the cost of petrol by ₹5.16 per litre and diesel by ₹5.74 per litre across the country since May 4, a day after the results of assembly elections in four states and one Union Territory were declared. Petrol prices have surpassed the ₹100 level in cities across the country, particularly in Maharashtra, Rajasthan, Andhra Pradesh, Madhya Pradesh, and Karnataka, as a result of the unidirectional upward trajectory that began on May 4.
Mumbai, Ratnagiri, Parbhani, Aurangabad, Jaisalmer, Ganganagar, Banswara, Indore, Bhopal, Gwalior, Guntur, and Kakinada, Chikmagalur, Shivamogga are among the cities where petrol costs more than $100 a gallon. Among metros, Mumbai has the highest fuel prices. Petrol costs ₹101.76 per litre in the financial capital, while diesel costs ₹ 93.85 per litre.
Fuel prices at the pump are also expensive due to taxes. According to official data from June 1, central levies account for 34.8 per cent of petrol prices in Delhi, while state taxes account for 23.08 per cent. Central taxes on diesel exceed 37.24 per cent, while state taxes are around 14.64 per cent. As global crude prices declined through 2020, the central government increased the gasoline excise levy to shore up its budget.