Fuel prices remained stable on Friday after two consecutive days of rise, with fuel prices continuing to remain at the all-time high levels across cities.
The price of petrol in Delhi remained at Rs.100.56 per litre while diesel is now at Rs.89.62. In Mumbai, petrol is being retailed at Rs.106.59 per litre, whereas diesel at Rs.97.18 per litre. Petrol price in Kolkata stayed stable at Rs.100.62 for a litre and Rs.92.65 per litre for diesel. The price of petrol in Chennai is Rs.101.37 per litre, while that of diesel is Rs.94.15 per litre.
In the sixth rise of this month on Thursday, petrol got costlier by 35 paise in the national capital, while diesel soared by 9 paise, according to price notification by the oil retailers.
The national capital had on Wednesday become the last of the metro cities to observe auto fuel rising above the Rs.100-a-litre mark. It has surpassed the psychological mark in at least 10 state capitals so far.
Fuel costs differ from state to state relying on the incidence of local taxes such as value-added tax (VAT) and freight charges.
As much as 55% of the retail selling rates of petrol in Delhi comprises taxes ( Rs.32.90 a litre excise duty collected by the central government and Rs.22.80 VAT imposed by the state government). Half of the diesel price is composed of taxes ( Rs.31.80 central excise and Rs.13.04 state VAT).