State oil marketing companies (OMCs) on Friday raised fuel prices for the 26th time since May 4th. Both gasoline and diesel are sold at record prices after increases of 27 paise and 28 paise, respectively.
As fuel prices continue to rise in the country, gasoline prices have exceeded Rs 100 per liter in more than 15 cities in the country.
These cities are located in the states of Maharashtra, Rajasthan, Andhra Pradesh, Madhya Pradesh, Karnataka and Telangana. Petrol also costs more than 100 rupees per liter in the Union territory of Ladakh.
Reading | Fuel prices hit new record highs; Gasoline crosses Rs 100 / liter in Bengaluru
Currently, the highest retail price for gasoline in Rajasthan’s Sri Ganganagar is over 108 rupees per liter; Diesel price in the city has also exceeded Rs 100 per liter.
Mumbai is the only metropolis where gasoline prices are over Rs 100 per liter. After today’s hike, Mumbaikars pay 103.08 rupees for a liter of gasoline. Bengaluru is another big city where gasoline prices have surpassed Rs 100 per liter after today’s hike.
In Madhya Pradesh’s Bhopal, gasoline is currently sold for over 104 rupees per liter. The price of gasoline has also exceeded Rs 100 in Hyderabad. Meanwhile, the retail price of gasoline in Jaipur has exceeded 103 rupees per liter.
Some other cities where the gasoline price has exceeded Rs 100 per liter are Ratnagiri (Rs 104.47), Aurangabad (Rs 104.06), Gwalior (Rs 105.48), Jaisalmer (Rs 104.81), Indore ( Rs 105.14), Guntur (Rs 102.80), Chikmagalur (Rs 101.06), Shivamogga (Rs 100.80), Banswara (Rs 104.68), Parbhani (Rs 105.63) and Kakinada (Rs 103 , 31).
Gasoline and diesel prices have risen rapidly in the country due to rising international crude oil prices. Experts are concerned about the ongoing round of fuel price increases as it sparked a sharp surge in inflation.
One of the main reasons for the high fuel prices is taxes on gasoline and diesel. The center and state governments have the highest taxes on fuel in the world. Although many appeals have been made to reduce fuel taxes, no action has been taken despite the increasing economic burden on citizens.
Explained: Why India needs to cut taxes on gasoline and diesel
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