New Delhi: Petrol and diesel prices on Friday scaled new highs after rates were increased on account of the depreciating rupee and a rise in international crude oil rates.

The price of petrol was increased by 28 paise a litre, and that of diesel by 22 paise, according to a notification by state-owned oil marketing companies.

Petrol in Delhi now costs 81.28 per litre and diesel is priced at 73.30 a litre. In Mumbai, petrol is retailed at 88.67 per litre, in Chennai at 84.49 and in Kolkata at 83.14.

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Diesel costs 77.82 per litre in Mumbai, 77.49 per litre in Chennai and 75.36 per litre in Kolkata.

Delhi has the cheapest fuel rates among all metros and most state capitals because of lower taxes. Mumbai has the highest sales tax or value added tax (VAT).

A combination of a dip in the rupee value against the dollar and rise in crude oil prices has led to a spike in pump prices since mid-August.

Prices of petrol have since risen by 4.20 per litre and prices of diesel by 4.53, the most in any month since daily revision in fuel prices was introduced in June last year.

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Fuel prices vary from city to city and from pump to pump because of local taxes and transportation cost. Petrol at pumps of Indian Oil Corp (IOC) in Delhi cost 81.28 per litre, the fuel sells for 81.37 at stations owned by Hindustan Petroleum Corp Ltd (HPCL).

Diesel at HPCL pumps in Delhi costs 73.39 and sells for 73.30 at IOC outlets. IOC is India’s largest oil firm with almost half of the market share.

In Mumbai, petrol at IOC pumps costs 88.67, while it costs 88.72 at BPCL outlets and 88.75 at HPCL stations. Diesel in Mumbai at BPCL outlet costs 77.87, at HPCL pumps 77.90 and at IOC outlets 77.82 per litre.

Domestic retail prices are benchmarked to international prices of fuel.