Petrol, diesel prices see yet another hike. Check fuel prices in your city today1 min read . Updated: 01 Oct 2021, 11:19 AM IST
Petrol and diesel prices are once again hovering around record figures across the country.
Petrol and diesel prices saw yet another hike on Friday with commuters now having to pay even more for a litre of the automotive fuels from the first day of the new month. While per litre price of petrol was raised by 25 paise, the per litre price rise for diesel is 30 paise.
(Also read: Even CNG rates are set for an upward move)
With the latest price revision, a litre of petrol costs ₹101.89 in Delhi and ₹107.95 in Mumbai. The per-litre diesel rate is at ₹90.17 and ₹97.84 in Delhi and Mumbai, respectively. In Kolkata, a litre of petrol now costs ₹102.47 while diesel is at ₹93.27. The figures are ₹99.58 and ₹94.74 in Chennai.
Petrol and diesel rates across India today, October 1:
Petrol prices had remained stationery for around three weeks till recently but Friday's hike is now the third such rise in a short span of time. Diesel, meanwhile, has witnessed five hikes. Prices of both fuels vary owing to differences in state levies and taxes imposed.
Friday's pricing puts rates of both fuel at near-record levels yet again. Petrol rate in Delhi had hit ₹101.84 back in July while reaching ₹107.83 in Mumbai in the same month.
What is pushing petrol and diesel rates up?
The increase in global rates is being cited as one of the reasons for the most-recent price hikes. Crude prices in the international market are at a nearly three-year high as supply disruptions remain. India imports nearly 85% of its oil needs which means fluctuations in international rates has an impact on fuel prices in the country. But what also has a big impact are taxes and levies imposed by central and state governments. And with no sign of fuel prices being brought under Goods and Services Tax (GST) ambit, there is also no sign of a respite in the offing.