Mumbai woke up to see the ₹105-mark hit for petrol as prices were hiked once again adding to the relentless surge in petrol and diesel prices. Here are a few numbers and facts to grapple with as your fuel budget expands beyond your wallet.
- 33 hikes: Petrol prices are up almost every alternate day since May 3
- Petrol in Mumbai costs almost twice as much as in New York
- Petrol prices are up 10% in the last 2 months, up ₹8.5/litre
- 8 state capitals, Chennai being the latest, are retailing petrol over the ₹100/lt mark
- Global crude prices are hovering near $75/bbl; which is a 3-year high
- Last time global crude prices were at $75 petrol was at ₹85/litre across India
- Excise Duty and VAT account for over 50% of the petrol bill