Fuel Price Hike Update: Petrol is Now Rs 85.29/Litre in Mumbai & Diesel is Rs 74.49/Litre in Hyderabad

Fuel Price Hike Update: Petrol is Now Rs 85.29/Litre in Mumbai & Diesel is Rs 74.49/Litre in Hyderabad

Latest Fuel Price Hike Update: Petrol and diesel prices have reached record heights with every liter costing much more than what we used to pay for that few days back. A liter of petrol now costs INR 85.29 in Mumbai while diesel can be bought for INR 72.96 per liter.

Petrol & DieselPrice List (Metro Cities)

As on May 24, 2018

CityPetrol/LitreDiesel/Litre
DelhiINR 77.47INR 68.53
Kolkata (West Bengal)INR 80.12INR 71.08
Mumbai (Maharashtra)INR 85.29INR 72.96
Chennai (Tamil Nadu)INR 80.42INR 72.35

Latest Fuel Price Hike Update

Latest Fuel Price Hike UpdateThe prices are shocking as diesel is called the backbone of Indian transport industry and the government is not making any excise cut to keep these under control. Till end 2016, the drop in petrol and diesel price (parallel to international crude oil pricing) was not passed to the public as adding revenue became the primary purpose of government.

They reduced the excise duty to introduce a flat road cess of INR 8 per liter of fuel, making things even worse for the public. VAT, excise, and other additional charges result in more than 100% tax on petrol and around 66% on diesel in India. If placed under GST, the tax on fuel will drop by around 72% for petrol and 38% for diesel, keeping no extra cess over the standard 28% slab.

State-Wise Petrol & Diesel Price List

City (State)Petrol/LitreDiesel/Litre
Agartala (Tripura)INR 73.16INR 66.61
Aizawl (Mizoram)INR 73.29INR 65.80
Ambala (Haryana)INR 77.58INR 69.04
Bangalore (Karnataka)INR 78.73INR 69.71
Bhopal (Madhya Pradesh)INR 83.08INR 72.13
Bhubaneswar (Odisha)INR 76.28INR 73.46
ChandigarhINR 74.51INR 66.55
Daman (Daman & Diu)INR 75.28INR 69.28
Dehradun (Uttarakhand)INR 78.58INR 68.86
Gandhinagar (Gujarat)INR 76.77INR 73.65
Gangtok (Sikkim)INR 80.50INR 70.25
Guwahati (Assam)INR 79.66INR 71.54
Hyderabad (Telangana)INR 82.07INR 74.49
Imphal (Manipur)INR 75.54INR 66.59
Itanagar (Arunachal Pradesh)INR 73.30INR 65.79
Jaipur (Rajasthan)INR 80.24INR 72.98
Jammu (J&K)INR 79.17INR 69.69
Jalandhar (Punjab)INR 82.71INR 68.43
Kohima (Nagaland)INR 75.91INR 66.87
Lucknow (Uttar Pradesh)INR 78.06INR 68.69
Panjim (Goa)INR 71.39INR 69.75
Patna (Bihar)INR 82.94INR 73.22
PondicherryINR 76.24INR 70.79
Port Blair (Andaman & Nicobar)INR 66.76INR 64.22
Raipur (Chhattisgarh)INR 77.86INR 73.98
Ranchi (Jharkhand)INR 77.22INR 72.35
Silvassa (Dadra & Nagar Haveli)INR 75.35INR 69.35
Shillong (Meghalaya)INR 76.83INR 68.33
Shimla (Himachal Pradesh)INR 77.63INR 68.16
Srinagar (J&K)INR 81.86INR 71.91
Trivandrum (Kerela)INR 81.62INR 74.36
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Prices Source

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