January 27, 2023

Fuel Prices At Record Highs: There have been 23 worth hikes for petrol and diesel in India since May 4

New Delhi:

Diesel worth at the moment breached the Rs 100 per litre mark in Rajasthan after yet one more enhance in gas charges, which additionally led to Karnataka changing into the seventh state to document Rs 100 a litre petrol.

Petrol worth was hiked by 27 paise per litre and diesel by 23 paise, in response to a worth notification of state-owned gas retailers.

The hike – the twenty third one since May 4 – pushed gas costs throughout the nation to new historic highs.

In Delhi, petrol hit an all-time excessive of Rs 96.12 a litre, whereas diesel is now priced at Rs 86.98 per litre.

Fuel costs differ from state to state relying on the incidence of native taxes comparable to VAT and freight fees.

And due to this petrol retails at over Rs 100 per litre mark in six states and union territories – Rajasthan, Madhya Pradesh, Maharashtra, Andhra Pradesh, Telangana and Ladakh.

Karnataka bought added to that record with many locations within the state together with Bidar, Bellary, Koppal, Davanagere, Shimoga and Chakmangalur recording over Rs 100 per litre petrol.

Petrol within the state capital Bengaluru is priced at Rs 99.39 per litre and a litre of diesel comes for Rs 92.27.

Sri Ganganagar district of Rajasthan close to the India-Pakistan border was the primary place within the nation to see petrol hit Rs 100 a litre mark in mid-February and on Saturday it additionally earned the excellence of diesel crossing that psychological mark.

Petrol within the metropolis is bought at Rs 107.22 a litre – the very best fee within the nation, and diesel comes for Rs 100.05. Premium or additive laced petrol within the city sells for Rs 110.50 a litre and identical grade diesel at Rs 103.72.

Rajasthan levies the very 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 bought at over Rs 100 a litre. Petrol now prices Rs 102.30 a litre within the metropolis and diesel comes for Rs 94.39.

After Leh, Srinagar too is witnessing close to Rs 100 a litre petrol (Rs 99.27). Hyderabad too is in the identical league with petrol costing Rs 99.96.

Petrol sells for Rs 101.73 a litre in Leh and diesel prices Rs 93.66.

The hike on Saturday was the twenty third enhance in costs since May 4, when state-owned oil corporations ended an 18-day hiatus in fee revision they noticed throughout meeting elections in states like West Bengal.

In 23 will increase, petrol worth has risen by Rs 5.72 per litre and diesel by Rs 6.25 a litre.

Oil corporations revise charges of petrol and diesel every day based mostly on the common worth of benchmark gas within the worldwide market within the previous 15 days, and international trade charges.

International oil costs have firmed in latest weeks in anticipation of demand restoration following the rollout of vaccination programme by numerous nations.

(Except for the headline, this story has not been edited by NDTV workers and is printed from a syndicated feed.)

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