Diesel in MP reaches INR 100 per litre


Posted on 04 July 2021


For Illustration Purpose Only.

On July 4, diesel prices in some parts of Madhya Pradesh reached 100 rupees per litre, while Sikkim became the latest state to see petrol prices reach 100 rupees per litre following once again another increase in fuel prices. According to a price notification from state-owned fuel merchants, the price of petrol has increased by 35 paise per litre and the price of diesel has climbed by 18 paise per litre. The hike, the 34th in petrol and the 33rd in diesel in two months, pushed rates to new highs across the country. Petrol now costs INR 99.51 per litre in Delhi, while diesel costs INR 89.36 per litre. Local charges such as value-added tax (VAT) and freight charges affect fuel prices, which vary from state to state. As a result, petrol prices in Rajasthan, Madhya Pradesh, Maharashtra, Andhra Pradesh, Telangana, Karnataka, Jammu and Kashmir, Odisha, Tamil Nadu, Kerala, Bihar, Punjab, and Ladakh have surpassed INR 100 per litre. On Sunday, Sikkim was added to the list. Petrol costs 100.15 rupees per litre in the state capital of Gangtok, while diesel costs 91.55 rupees. Petrol prices have surpassed INR 100 per litre in Mumbai, Chennai, Bengaluru, Hyderabad, and Pune, and have surpassed INR 99 in Delhi and Kolkata. Diesel prices have surpassed INR 100 per litre in Sri Ganganagar and Hanumangarh in Rajasthan, as well as in several parts of Odisha, and those levels were seen in Madhya Pradesh on Sunday in Rewa, Shahdol, and Balaghat. The increase on Sunday is the 34th for petrol and the 33rd for diesel since May 4, when state-owned oil companies removed an 18-day rate freeze imposed for Assembly elections in states such as West Bengal. In recent weeks, international oil prices have risen on expectations of a swift recovery in fuel demand. Brent crude surpassed $75 per barrel for the first time since April of this year.


Key Points


  • On July 4, diesel prices in some parts of Madhya Pradesh reached 100 rupees per litre, while Sikkim became the latest state to see petrol prices reach 100 rupees per litre following once again another increase in fuel prices.

  • The increase on Sunday is the 34th for petrol and the 33rd for diesel since May 4, when state-owned oil companies removed an 18-day rate freeze imposed for Assembly elections in states such as West Bengal.



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