Petrol and diesel prices were increased for a ninth straight day in
Delhi, Kolkata, Mumbai and Chennai, among other cities.
These 9 hikes come after a 19-day hiatus ahead of Karnataka elections, when prices were kept unchanged
Petrol prices have been increased by Rs. 2.24 per litre in Delhi, Rs. 2.21 per litre in Kolkata, Rs. 2.22 per litre in Mumbai and Rs. 2.36 per litre in Chennai during this 9-day period
Diesel prices have been raised by Rs. 2.15 per litre, Rs. 2 per litre, Rs. 2.28 per litre and Rs. 2.31 per litre, respectively
With effect from 6 am, Tuesday May 22,2018, a litre of petrol was sold at Rs. 76.87 in Delhi, Rs. 79.53 in Kolkata, Rs. 84.7 in Mumbai and Rs. 79.79 in Chennai, according to Indian Oil. Diesel was sold at Rs. 68.08 per litre in Delhi, Rs. 70.63 per litre in Kolkata, Rs. 72.48 per litre in Mumbai and Rs. 71.87 per litre in Chennai. So far this year, petrol prices have shot up in the range of Rs. 6.81-7.26 per litre across the four metros, while the increase in diesel prices has been in the tune of Rs. 8.33-9.21 per litre in the wake of rising global crude prices.
Note
The central government levies Rs 19.48 a litre of excise duty on petrol and Rs 15.33 per litre on diesel. State sales tax or VAT vary from state to state. In Delhi, VAT on petrol is Rs 15.84 and Rs 9.68 a litre on diesel.
State-owned oil companies in June 2017, dumped the 15-year old practice of revising rates on 1st and 16th of every month and instead adopted a dynamic daily price revision to instantly reflect changes in cost.
These 9 hikes come after a 19-day hiatus ahead of Karnataka elections, when prices were kept unchanged
Petrol prices have been increased by Rs. 2.24 per litre in Delhi, Rs. 2.21 per litre in Kolkata, Rs. 2.22 per litre in Mumbai and Rs. 2.36 per litre in Chennai during this 9-day period
Diesel prices have been raised by Rs. 2.15 per litre, Rs. 2 per litre, Rs. 2.28 per litre and Rs. 2.31 per litre, respectively
| Petrol price (in Rs. per litre) | ||||
| 22-May | 21-May | 13-May | 31-Dec | |
| Delhi | 76.57 | 76.24 | 74.63 | 69.97 |
| Kolkata | 79.24 | 78.91 | 77.32 | 72.72 |
| Mumbai | 84.4 | 84.07 | 82.48 | 77.87 |
| Chennai | 79.47 | 79.13 | 77.43 | 72.53 |
| Diesel price (in Rs. per litre) | ||||
| Delhi | 76.87 | 76.57 | 65.93 | 59.64 |
| Kolkata | 79.53 | 79.24 | 68.63 | 62.3 |
| Mumbai | 84.7 | 84.4 | 70.2 | 63.27 |
| Chennai | 79.79 | 79.47 | 69.56 | 62.83 |
With effect from 6 am, Tuesday May 22,2018, a litre of petrol was sold at Rs. 76.87 in Delhi, Rs. 79.53 in Kolkata, Rs. 84.7 in Mumbai and Rs. 79.79 in Chennai, according to Indian Oil. Diesel was sold at Rs. 68.08 per litre in Delhi, Rs. 70.63 per litre in Kolkata, Rs. 72.48 per litre in Mumbai and Rs. 71.87 per litre in Chennai. So far this year, petrol prices have shot up in the range of Rs. 6.81-7.26 per litre across the four metros, while the increase in diesel prices has been in the tune of Rs. 8.33-9.21 per litre in the wake of rising global crude prices.
Note
The central government levies Rs 19.48 a litre of excise duty on petrol and Rs 15.33 per litre on diesel. State sales tax or VAT vary from state to state. In Delhi, VAT on petrol is Rs 15.84 and Rs 9.68 a litre on diesel.
State-owned oil companies in June 2017, dumped the 15-year old practice of revising rates on 1st and 16th of every month and instead adopted a dynamic daily price revision to instantly reflect changes in cost.
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