Petrol, diesel prices take the longest break in weeks from their uphill run

Petrol and diesel prices have been increased 39 times and 36 times respectively in this financial year.Petrol and diesel prices have breached ₹100 ma
Petrol is currently selling at ₹101.84 per litre in Delhi, while diesel price in the national capital is ₹89.87 for a litre. (REUTERS)
Petrol is currently selling at ₹101.84 per litre in Delhi, while diesel price in the national capital is ₹89.87 for a litre.

Petrol and diesel price have taken their longest break in weeks from the upward rally that has been continuing for the last few months. Price of petrol and diesel was last increased on Saturday and are static for last three consecutive days.

Also Read : Govt's excise collections on petrol, diesel jumps 88% to 3.35 lakh cr in FY21

Petrol is currently selling at 101.84 per litre in Delhi, while diesel price in the national capital is 89.87 for a litre. Mumbai is selling petrol and diesel at the highest prices among all metro cities in India.

Also check these Cars

Find more Cars
Mahindra Ekuv100 (HT Auto photo)
40 kWh 85 Kmph 150 Km
₹ 8.25 - 10 Lakhs
View Details
Porsche 911 Gt3 (HT Auto photo)
3996.0 Petrol Automatic
₹ 2.50 Cr
View Offers
Mahindra S204 (HT Auto photo)
₹ 12 Lakhs
View Details
Lexus Nx (HT Auto photo)
2494.0 Multiple Both
₹ 64.90 - 71.60 Lakhs
View Offers
Rolls-royce New Ghost (HT Auto photo)
6750 cc Petrol Automatic
₹ 6.95 - 7.95 Cr
View Details
Mercedes-benz Amg E53 Cabriolet (HT Auto photo)
2999.0 cc Petrol Automatic
₹ 1.30 Cr

With the incessant price hikes in the last couple of months, petrol price has breached 100 mark in several states and cities. The motor fuel currently costs over 100 per litre in all the metro cities. Diesel price too has crossed the century mark at some places.

This is the first time, petrol and diesel have crossed 100 mark anywhere in India. The latest three-day break in price hikes comes as global development on oil production has softened crude prices.

Pump prices for petrol and diesel come comprising several components. These include freight charges, excise duty, variable VAT amounts in different states, dealer commission etc. Excise duty is imposed by the state government and VAT is imposed by state governments. Central and state government taxes as combined contribute 60% to petrol retail price and 54% to diesel retail price.

In the wake of rapidly surging petrol and diesel prices, some state governments reduced their share of taxes a few months back. The central government has denied reducing excise duty on fuel despite demands from several stakeholders.

Petrol price in FY2022 has increased 39 times, while diesel price shot up 36 times during the April-June period this year. The government has also reported that its revenue from fuel tax has increased by 88% to 3.35 lakh crore in the last fiscal from 1.78 lakh crore in FY20.

First Published Date: 20 Jul 2021, 20:36 PM IST

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city

Want to get the best price for your existing car?

Powered by: Spinny Logo
By clicking "View Offers" you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city
Couldn't verify the OTP.
It's either expired or it's incorrect.