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Fuel prices rose for the fourth day; Gasoline crosses the Rs 120 mark in Madhya Pradesh | Local Business News

Fuel prices rose for the fourth day; Gasoline crosses the Rs 120 mark in Madhya Pradesh | Local Business News

Fuel prices rose for the fourth day; Gasoline crosses the Rs 120 mark in Madhya Pradesh

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Gasoline and diesel prices rose on Sunday for the fourth day in a row by 35 paise per liter each, pushing pumping rates to a new record nationwide, and states with a high incidence of local taxes such as Madhya Pradesh have the most expensive fuel. The price of gasoline in Delhi rose to its highest level of 109.34 rupees a liter and 115.15 rupees a liter in Mumbai, according to a price notice from state fuel retailers.

Diesel now costs Rs 98.07 per liter in Delhi and Rs 106.23 in Mumbai. This is the fourth consecutive day of price increase. There were no changes in rates between October 25 and 27, before which prices increased by 35 paise per liter each on four consecutive days.

While gasoline has already reached the mark of Rs 100 per liter or more in every major city in the country, diesel has reached that level in more than a dozen and a half states. Diesel rates crossed that level in places ranging from Jalandhar in Punjab to Gangtok in Sikkim. Prices vary from state to state, depending on the incidence of local taxes and the cost of transportation. The twin factors led to the price of gasoline exceeding 120 rupees per liter in places like Panna, Satna, Rewa, Shahdol, Chhindwara and Balaghat in Madhya Pradesh.
The same level has also been crossed in two border cities of Rajasthan: Ganganagar and Hanumangarh. Ganganagar has the most expensive fuel in the country: gasoline costs Rs 121.52 per liter and diesel costs Rs 112.44 per liter.
The price of gasoline has risen 25 times since September 28, when a three-week hiatus in the rate review ended. In total, prices have risen by Rs 8.15 per liter. Diesel tariffs have increased by Rs 9.45 per liter in 28 hikes since September 24.

Before that, the price of gasoline increased by Rs 11.44 per liter between May 4 and July 17. The diesel tariff had risen by Rs 9.14 per liter during this period.

First published: IST


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Fuel prices rose for the fourth day; Gasoline crosses the Rs 120 mark in Madhya Pradesh

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