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Petrol prices in Mumbai have crossed the Rs 100 mark for the first time. In Mumbai, Petrol currently retails at Rs 100.19 per litre while diesel retails at Rs 92.17 per litre. On 29 May, 2021 the price of petrol in Mumbai was hiked by 26 paise while the price of diesel increased by 30 paise.
Petrol and diesel prices in India have been on the rise for a while now. Despite a drop in global crude oil prices, the prices of petrol and diesel in India were on a constant increase. A few months ago, it was predicted that petrol prices would cross the Rs 100 mark. A few cities in Rajasthan already touched the Rs 100 mark.
Now though, the price of petrol in Mumbai, which is one of the largest cities in India, has crossed the Rs 100 mark. On 28 May, a litre of petrol was priced at Rs 99.93 and diesel at Rs 91.87. These prices were hiked by 26 paise and 30 paise respectively, to Rs 100.19 and Rs 92.17.
Prices have been hiked in several other cities too. A litre of petrol in Delhi now costs Rs 93.94 while a litre of diesel comes in at Rs 91.87. Petrol in Bangalore sells for Rs 97.07 per litre while diesel costs Rs 89.99 per litre. A litre of diesel in Chennai costs Rs 89.66 per litre while petrol costs Rs 95.52 per litre.
Many factors play a role in the fuel price. The crude oil price is the base and then the charges for refining and freight and transportation are added. Then the central government levies taxes and so does the state government. The foreign exchange rate also plays a big role in this. Different oil companies levy different charges for refining and freight, leading to differing fuel prices.
Thoughts On Prices Of Petrol In Mumbai Crossing Rs 100
The prices of petrol are indirectly linked to the wellbeing of the general public. The increasing fuel prices simply means, lesser affordability and this isn't really good for the people of the country. We sure hope prices of fuel decrease in the coming days. But then we also realise that these might be high hopes.