There has been no change in the prices of petrol and diesel on August 1, 2021. The state-run oil marketing companies (OMCs) have not hiked the rates of petrol and diesel for the fifteenth consecutive day. Even though the prices of petrol and diesel have remained unaltered for fifteen days now, they remain at an all-time high.
In the national capital, the rate of a litre of petrol is retailing at Rs 101.84 while that of diesel is Rs 89.87. In Mumbai, petrol prices were unchanged at Rs 107.83 per litre and a litre of diesel is retailing at Rs 97.45. On the other hand, in Chennai, petrol costs Rs 102.49 per litre and diesel can be bought at Rs 94.39 per litre. In Kolkata, petrol prices remained unchanged at Rs 102.8 per litre and diesel is priced at Rs 93.02.
Petrol prices saw a hike on July 17, 2021 when it rose by 30 paise per litre in the national capital, but diesel rates have remained static since July 15, 2021. On the other hand, the prices of crude oil have seen a slight jump in the international market.
Petrol rates above Rs 100 mark in MP, Rajasthan:
In Bhopal, the rate of a litre of petrol is retailing at Rs 110.20 and diesel can be bought at Rs 98.67. In Rajasthan’s capital Jaipur, petrol is priced at Rs 109.10 per litre and diesel currently costs Rs 99.38. Even in cities like Patna, Trivandrum, Bhubaneswar, petrol prices have breached the Rs 100-litre-mark and are soaring at an all-time high.
On July 25, Petroleum Minister Hardeep Singh Puri informed the Lok Sabha that Madhya Pradesh levies the highest sales tax or VAT on petrol in the country, adding that Rajasthan has the highest tax on diesel. Puri in a written reply stated that Madhya Pradesh levies Rs 31.55 a litre VAT on petrol and Rajasthan charges Rs 21.82 a litre on diesel, news agency PTI reported. He further stated that the revenue generated by such taxes is used for various developmental projects and schemes of the government, such as Pradhan Mantri Gram Sadak Yojana (PMGSY), free LPG connection programme Pradhan Mantri Ujjawala Yojana (PMUY), Ayushman Bharat and Pradhan Mantri Garib Kalyan Yojana (PMGKY).
Fuel rates in Indian cities:
| CITY | PETROL (PER LITRE) | DIESEL (PER LITRE) |
| DELHI | Rs 101.84 | Rs 89.87 |
| MUMBAI | Rs 107.83 | Rs 97.45 |
| CHENNAI | Rs 102.49 | Rs 94.39 |
| KOLKATA | Rs 102.08 | Rs 93.02 |
| BHOPAL | Rs 110.20 | Rs 98.67 |
| BENGALURU | Rs 105.25 | Rs 95.26 |
| PATNA | Rs 104.25 | Rs 95.57 |
The prices of petrol and diesel have been on the rise in the country since May 4, 2021, after the OMCs ended an 18-day hiatus in rate revision that coincided with the assembly elections in key states. The fuel rates vary from state to state depending on the incidence of local taxes like value-added tax (VAT) and freight charges.
