Diesel at Rs100 mark in Rajasthan; Karnataka sees Rs100/litre petrol

New Delhi

Diesel price on Saturday breached the Rs100 a litre mark in Rajasthan after yet another rise in fuel rates, which led to Karnataka becoming the 7th state to record Rs100 a litre petrol.

Petrol price was hiked by 27 paise a litre and diesel by 23 paise, as per a price notification of state-owned fuel retailers. The hike — 23rd since May 4 — pushed fuel prices across the country to new historic highs.

In Delhi, petrol hit an all-time high of Rs96.12 a litre, while diesel is now priced at Rs86.98 per litre. Fuel prices differ from state to state depending on the incidence of local taxes such as VAT and freight charges.

And because of this petrol retails at over Rs100 per litre mark in six states and union territories — Rajasthan, Madhya Pradesh, Maharashtra, Andhra Pradesh, Telangana and Ladakh.

Karnataka got added to that list with many places in the state including Bidar, Bellary, Koppal, Davanagere, Shimoga and Chakmangalur recording over Rs100 a litre petrol. Petrol in the state capital Bengaluru is priced at Rs99.39 per litre and a litre of diesel comes for Rs 92.27.

Sri Ganganagar district of Rajasthan near the India-Pakistan border was the first place in the country to see petrol hit Rs100 a litre mark in mid-February and on Saturday it also earned the distinction of diesel crossing that psychological mark.

Petrol is sold at Rs107.22 a litre — the highest rate in the country, and diesel comes for Rs100.05. Premium or additive laced petrol in the town sells for Rs110.50 and same grade diesel at Rs 103.72.

Rajasthan levies the highest VAT on petrol and diesel in the country, followed by Madhya Pradesh, Maharashtra, Andhra and Telangana.

Mumbai on May 29 became the first metro in the country where petrol was being sold at over Rs 100 a litre. Petrol now costs Rs 102.30 a litre in the city and diesel comes for Rs 94.39. After Leh, Srinagar too is witnessing near Rs100 a litre petrol (Rs99.27). Hyderabad is in the same league with petrol costing Rs 99.96.

Petrol sells for Rs 101.73 a litre in Leh and diesel costs Rs 93.66. The hike on Saturday was the 23rd rise in prices since May 4, when state-owned oil firms ended an 18-day hiatus in rate revision they observed during assembly polls. In 23 increases, petrol price has risen by Rs 5.72 per litre and diesel by Rs 6.25 a litre. Oil firms revise rates of petrol and diesel daily based on the average price of benchmark fuel in the international market in the preceding 15 days, and foreign exchange rates.

(To receive our E-paper on whatsapp daily, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

Free Press Journal

www.freepressjournal.in