Hindustan Times ST (Jaipur)


- Press Trust of India

Petrol price on Sunday crossed ₹95 a litre in Delhi and diesel breached ₹86 per litre mark for the first time ever as fuel prices were hiked again.

Petrol price was increased by 21 paise per litre and diesel 20 paise a litre, according to a price notificati­on of state-owned fuel retailers.

The hike—20th since May 4— took fuel prices across the country to a historic high. Petrol is now above ₹100 per litre mark in six states and union territorie­s—rajasthan, Madhya Pradesh, Maharashtr­a, Andhra Pradesh, Telangana and Ladakh.

Mumbai on May 29 became the first metro in the country where petrol was being sold at over ₹100-a-litre mark. Petrol now costs ₹101.3 per litre in the city and diesel comes for ₹93.35.

Fuel prices differ from state to state depending on the incidence of local taxes such as VAT and freight charges.

Brent crude, the global oilprice benchmark, is nearing $72 per barrel for the first time in two years.

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

The increase on Sunday is the 20th increase in prices since May 4, when state-owned oil firms ended an 18-day hiatus in rate revision they observed during assembly elections in states like West Bengal.

In 20 increases, petrol price has risen by ₹4.69 per litre and diesel by ₹5.28 a litre.

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