Petrol price inches closer to Rs.100 mark in Hyderabad; Rs 99.90 on Sunday

As on June 13, the petrol price in the city was Rs 99.90 per litre whereas diesel was priced at Rs 94.82 per litre

Hyderabad: Petrol prices in the city are touching almost centum.

The fuel prices were increased again on Sunday, making it the seventh hike in the month of June alone. As on June 13, the petrol price in the city was Rs 99.90 per litre whereas diesel was priced at Rs 94.82 per litre.

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On June 1, the petrol and diesel prices in the State were Rs 98.10 and Rs 92.98 per litre respectively. The fuel prices have been increasing constantly since the last month and were hiked more that 15 times in May. In many districts of Telangana, including Nizamabad, Khammam and parts of Siddipet, the petrol prices already crossed Rs 100 per litre on June 9.

Rajiv Amaram, Joint Secretary of Consortium of Indian Petroleum Dealers, says, “It is expected that the petrol prices will go up further in the coming weeks. As on June 1, the base price of the petrol in the country was Rs 35.63, and that of diesel was Rs 38.16. The sales price of fuel is determined after adding various costs such as excise duty, dealer commission, VAT, etc, to this.”

Fuel prices differ from one state to another depending on the amount of local taxes such as VAT and freight charges that are levied, he said. In several other states of the country, including Maharashtra, Rajasthan and Madhya Pradesh the per litre petrol price has crossed Rs 100.

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