Fuel prices hike by ₹2/Litre in Mumbai

Petrol and Diesel prices in the economic capital of the country have been increased by ₹2 per litre on Monday. Now, petrol will cost ₹78.32 per litre to Mumbaikars while diesel will be available at ₹68.21 in the city.

The prices were increased after the Maharashtra government decided to levy a cess of ₹2 on the vehicular fuel w.e.f. June 1. This increase will be applicable in the entire state.

The Value Added Tax (VAT) on petrol and diesel is 26 per cent and 24 per cent respectively in the state.

Beside, a cess is also applicable on both type of fuels that the state government has increased from ₹8.12 to ₹10.12 per litre on petrol and ₹3 per litre from the earlier ₹1 on diesel.

According to the Indian Oil website, prices of petrol in the four metro cities, Delhi, Kolkata, Mumbai and Chennai were ₹71.26, ₹73.30, ₹78.32 and ₹75.54 per litre, respectively. While the diesel prices were ₹69.39, ₹65.62, ₹68.21 and ₹68.22 per litre, respectively.