Petrol Prices Today: After 2 Day Pause, Petrol & Diesel Dearer Again - Check Rates Of Other Cities Here

Mumbai residents will have to pay Rs 97.86 per litre while for diesel they have to shell out Rs 89.17 per litre.

Petrol Diesel Prices Hike | File Image

New Delhi, May 10: After a gap of two days, petrol and diesel prices were once again raised by the largest fuel retailer Indian Oil on Monday. The petrol and diesel prices are costlier in the national capital by 26 paise and 33 paise, respectively compared to the prices on Sunday.  The petrol price now stands at Rs 91.53 per litre while petrol is at Rs 82.06 per litre.

The fuel prices remain the highest in the financial capital of the country. Mumbai residents have to pay Rs 97.86 per litre while for diesel they have to shell out Rs 89.17 per litre.

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The state-run oil marketing companies such as the Indian Oil Corporation, Bharat Petroleum and Hindustan Petroleum change the rates of domestic fuel in line with the global crude oil prices while considering account changes in the foreign exchange rates. The fuel price changes are implemented with effect from 6 am every day.

Check Latest City Prices Here

City                 Petrol  Diesel

Delhi               91.53   82.06

Mumbai          97.86   89.17

Chennai           93.38   86.96

Kolkata           91.66   84.90

Source: Indian Oil

It is to be noted that petrol and diesel prices are fixed on the basis of freight charges, local taxes, and VAT. Petrol and diesel prices vary from state to state due to taxations imposed by central and state governments.

The central and state taxes comprise 60 per cent of the retail selling price of petrol while more than 54 per cent for diesel. Centre levies Rs 32.90 per litre of excise duty on petrol and Rs 31.80 a litre on diesel.

Even though the prices were raised after the declaration of election results in five states, however, the state-run OMCs and the government have insisted the rates have not been impacted by the elections and there is no correlation between the two factors.