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Fuel prices at new record highs, Petrol prices breach ₹100/litre-mark in many districts of Maharashtra

May has seen one of the steepest hikes in fuel prices this year. Since May 4, prices have been revised upwards almost every alternate day. The recent spate of hikes began after a hiatus in price hike since March 24 this year.

Fuel prices at new record highs, Petrol prices breach ₹100/litre-mark in many districts of Maharashtra
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In the 16th hike this month, which took place today, on May 31, the price of petrol and diesel have reached a new high. Petrol price was hiked by 29 paise per litre for petrol and diesel by 26 paise a litre.

After an increase on Saturday, May 29, the petrol price had crossed the INR 100-mark in Mumbai for the first time in history.

As of May 31, petrol price in Mumbai has gone up to INR 100.47 per litre, while diesel is being sold at INR 92.45 per litre.

In other metro cities too, petrol price is not too far away from hitting the three-figure mark. In Delhi, petrol will now cost INR 94.23 per litre while diesel will come at INR 85.15 per litre. In Kolkata, the petrol price has been revised to INR 94.25 for a litre and diesel will cost INR 87.74.

Also Read: Petrol price in Mumbai crosses INR 100; commuters express concerns

May has seen one of the steepest hikes in fuel prices this year. Since May 4, prices have been revised upwards almost every alternate day. In the 16 hikes implemented this month, the price of petrol has gone up by INR 3.83 per litre, while diesel price has seen an overall hike of INR 4.42 per litre. The recent spate of hikes began after a hiatus in price hike since March 24 this year.

Besides Mumbai and other neighbouring cities under MMR, all other cities in Maharashtra have also hit the century.

Here’s the list of Petrol prices/litre in other cities of Maharashtra:

Amravati - INR 100.99

Aurangabad - INR 101.71

Bhandara - INR 101.09

Beed – INR 101.74

Buldhana - INR 100.98

Chandrapur – INR 101.29

Gondia - INR 101.38

Hingoli – INR 101.84

Jalgaon – INR 101.08

Jalna – INR 101.85

Kolhapur – INR 100.71

Latur – INR 101.79

Nagpur – INR 100.55

Nandurbar – INR 101.28

Nashik – INR 100.40

Osmanabad – INR 101.43

Pune – INR 100.15

Parbhani – INR 102.43

Palghar – INR 100.75

Ratnagiri – INR 101.85

Satara – INR 101.54

Solapur - INR 100.84

Wardha – INR 100.45

Washim – INR 101.01

Yavatmal – INR 101.94

Petrol and diesel prices have been steadily rising since the elections in five states -- West Bengal, Kerala, Assam and Tamil Nadu. Petrol and diesel prices in the country fluctuate daily with the price of crude oil and foreign exchange rates. These new rates are applicable at every petrol pump in the country from 6 am every day.

Petrol and diesel prices have gone up 10 times in January and 16 times in February. Prices have come down three times in March and once in April.

Since January, petrol prices in Mumbai have gone up by 11 per cent and diesel by 14 per cent.

Also Read: Maharashtra Govt Asks Centre to Bring Petrol, Diesel under GST Regime

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