Hyderabad: Petrol and diesel prices in Hyderabad are continuing their growth of upward trend. On Monday, the petrol price has reached a record high of Rs. 108.64 whereas, the diesel price in the city has jumped to Rs. 101.66.
The diesel price in Hyderabad has crossed Rs 100 a liter mark on October 7.
The prices differ from state to state due to different rates of Value Added Tax (VAT) and also due to transportation charges from the nearest refinery.
How petrol, diesel prices are calculated?
Under the pricing formula adopted by oil companies, rates of petrol and diesel are to be reviewed and revised by them on a daily basis. The new prices become effective from morning at 6 a.m.
The daily review and revision of prices are based on the average price of benchmark fuel in the international market in the preceding 15-days, and foreign exchange rates.
