Fuel prices were unchanged on Monday, with gasoline now selling at ₹101.84 in Delhi, while diesel at ₹89.87. In India’s financial capital, Mumbai, gasoline is sold to ₹107.83 per liter, while diesel reached ₹97.45 per liter.
In Calcutta, gasoline prices are ₹102.08 per liter and diesel prices at ₹93.02 per liter. In Chennai, gasoline prices at 102.49 per liter; diesel price – ₹94.39 per liter
In Madhya Pradesh’s capital, Bhopal, gasoline prices have exceeded an all-time high and are at ₹110 per liter. Diesel is priced at ₹98.67.
In May, the city became the first to cross the ₹100-mark in gasoline prices. It was followed by Jaipur, Mumbai, Hyderabad and Bangalore.
Patna and Thiruvananthapuram saw gasoline pass ₹100 in the last week of June while Chennai and Bhubaneshwar joined the list in the first week of July. The price has gone up ₹100 per liter in Calcutta and Delhi on July 7.
Gasoline now costs more ₹100 in 20 states and UT – Rajasthan, Madhya Pradesh, Maharashtra, Andhra Pradesh, Telangana, Karnataka, Jammu and Kashmir, Odisha, Ladakh, Bihar, Kerala, Tamil Nadu, Punjab, Sikkim, Delhi, West Bengal, Nagaland and a part of Uttar Pradesh and Haryana.
Diesel, the most widely used fuel in the country, exceeds this level in parts of Rajasthan, Odisha and Madhya Pradesh.
Diesel prices were slashed by 16 paise earlier this week. Before that, gasoline and diesel prices were last cut on April 15. Subsequently, the rate review took an 18-day hiatus, coinciding with parliamentary elections in five states.
Central and state taxes account for 60% of the retail price of gasoline and over 54% of diesel. Sampling center ₹32.90 per liter of excise duty on gasoline and ₹31.80 per liter in diesel.
The price difference in the states occurs due to local taxes like VAT or freight charges. Rajasthan charges the highest VAT on gasoline and diesel in the country, followed by Madhya Pradesh, Maharashtra, Andhra Pradesh and Telangana.
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