Today’s petrol and diesel prices: After remaining unchanged for a day, petrol and diesel prices were raised again on Tuesday, May 25, 2021, reaching new highs across the region. Petrol prices increased by 23 paise in the national capital, while diesel prices increased by 25 paise.
Following the recent price increase, petrol now costs Rs 93.44 per litre in Delhi, while diesel costs Rs 84.32. According to data on the Indian Oil Corporation’s website, petrol prices in Mumbai approached Rs 100 and now stand at Rs 99.71, while diesel costs Rs 91.57.
Auto fuel prices have been raised 13 times this month following oil marketing companies (OMCs) resumed price revisions after an 18-day pause that coincided with key state assembly elections. In New Delhi, the price of petrol has risen by Rs 3.04 per litre and the price of diesel has risen by Rs 3.59 during this period.
With the recent hikes this month, petrol prices in Rajasthan, Madhya Pradesh, and Maharashtra have already surpassed the Rs 100 mark in many cities. Bhopal became the first state capital to cross the three-digit mark earlier this month, and now Jaipur and Mumbai are on the verge of achieving the same feat.
Fuel prices in India vary from state to state due to local taxes (VAT) and freight charges. Apart from that, auto fuels are subject to an excise duty imposed by the federal government.
The federal and state taxes account for 60% of the retail sale price of gasoline and about 54% of the retail selling price of diesel. The excise duty on petrol is Rs 32.90 per litre, while diesel is Rs 31.80 per litre.