After petrol, diesel worth in Rajasthan nearing Rs 100 mark
While petrol costs have already crossed the Rs 100 per litre barrierĀ in Rajasthan, now even diesel is nearing the century mark within the state, as oil companies raised gas costs but once more on Monday.
Petrol worth was hiked by 28 paise per litre and diesel by 27 paise, in line with a worth notification of state-owned gas retailers.
The hike – the twenty first since May 4 – took gas costs throughout the nation to historic highs.
Petrol is retailing above the Rs 100 per litre mark in six states and union territories – Rajasthan, Madhya Pradesh, Maharashtra, Andhra Pradesh, Telangana and Ladakh.
In Delhi, petrol hit an all-time excessive of Rs 95.31 a litre, whereas diesel is now priced at Rs 86.22 per litre.
Fuel costs differ from state to state relying on the incidence of native taxes reminiscent of worth added tax or VAT and freight costs.
Sri Ganganagar district of Rajasthan close to the border with Pakistan has the most costly gas within the nation –Ā petrol is priced at Rs 106.39 a litre and diesel at Rs 99.24.
Retail costs have risen after a rise in worldwide oil costs on traders’ optimism that enhancing demand and a dwindling provide glut could imply the market can soak up any extra manufacturing from OPEC and its allies.
Brent crude, the worldwide oil worth benchmark, is nearing $72 per barrel for the primary time in two years.
Rajasthan levies the best VAT on petrol and diesel within the nation, adopted by Madhya Pradesh, Maharashtra, Andhra Pradesh and Telangana.
Mumbai on May 29 turned the primary metro within the nation the place petrol was being offered at over Rs 100 a litre. Petrol now prices Rs 101.52 within the metropolis and diesel comes for Rs 93.58.
Oil corporations revise charges of petrol and diesel each day based mostly on the common worth of benchmark gas within the worldwide market within the previous 15 days, and international change charges.
