Why petrol price has hit a record

Petrol & diesel

With rising crude prices and a depreciating rupee, petroleum is bound to get more expensive , diesel has already reached it’s all time high and petrol to at 76.24 per liter in Delhi,hit a new high on Sunday,breaking its sept 2013 record.

 

petrol prices in different cities

Highest to lowest

Mumbai    –   83.16₹

Bhopal-80.89₹

Patna-80.82₹

Agartala -72.14₹

Panjim-69.41₹

port Blair (South Andaman Island is the capital city of the Andaman and Nicobar Islands)-64.96₹

 

Diesel prices in different cities

 

Hyderabad-72.60₹

Trivandrum (or Thiruvananthapuram)-72.51₹

Raipur-72.12

Aizwal ( the capital of the state of Mizoram in India)-64.13₹

Itanagar-64.11₹

Port Blair – 62.64₹

 

Petrol is most expensive in Mumbai.

Diesel is most expensive in Hyderabad.

 

Proportion of taxes as a component of the prices:-

Over 50% of petrol retail price constitutes taxes and dealer commission. For diesel the corresponding figure is over 40%. Taxes vary in different states and hence their are variation in retail prices.

Author: Team onlinestudy.guru

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