After reaching historic height, diesel prices declined 15 to 17 Paise on July 12. However, the price of gasoline was carried out again by 25 to 34 Paise on that day, taking prices throughout the country, according to a price notice by state-owned fuel retailers.
The decline in diesel prices has come after more than two months. With the first decline in several months, Diesel sold at Rs 97.33 per liter in Mumbai, down by 17 Paise from Raba prices of Rs 97.5 per liter.
The price of gasoline, which has crossed Rs 100 in more than half a country, rose to Rs 107.24 per liter in Mumbai with a 27 paise increase from the previous day at Rs 106.97. The city, on May 29, became the first metro in the country of gasoline for sale above the rs of 100-a-liter rs.
In Delhi, the price of gasoline passes the RS 101 sign with an increase of 28 Paise, while the diesel price decreases by 16 Paise. With the latest price revisions, gasoline was sold at Rs 101.23 per liter and diesel at 89.76 per liter in the national capital that day.
Kolkata and Chennai also saw a similar trend because the price of gasoline increased in two Metro, while the diesel level saw a decline that day.
In Kolkata, the price of gasoline reached Rs 101.39 per liter with an increase of 34 Paise from the price of the previous day at Rs 101.05 per liter. Diesel prices decreased 15 Paise reached Rs 92.86 per liter.
Chennai also saw the increase in gasoline prices by 25 Paise, but the price of diesel decreased by 15 Paise. The latest increase took the price of one liter of gasoline and diesel each to Rs 101.96 and Rs 94.28 in the Tamil Nadu capital.
The increase in gasoline prices on July 12 was the 39th improvement in gasoline prices since May 4, when the state-owned oil company ended the 18-day hiatus in the revised tariff they observed during the assembly selection in West Bengal states.
Fuel prices are different from state to state depending on local tax events such as VAT and shipping costs. Rajasthan collected the highest VAT on gasoline and diesel in this country, followed by Madhya Pradesh, Maharashtra, Andhra Pradesh and Telangana.
Gasoline has passed the 100-a-liter RS sign in Rajasthan, Madhya Pradesh, Maharashtra, Andhra Pradesh, Telangana, Karnataka, Jammu and Kashmir, Odisha, Tamil Nadu, Kerala, Bihar, Punjab, Puduchery, Puduchery, Sikkim, Puduchery.
Oil companies revise gasoline and diesel fees every day based on the average price of benchmark fuel in the international market in the previous 15 days, and foreign exchange rates.
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