PETROL CROSSES ₹95/L IN DELHI, ABOVE ₹100/L IN SIX STATES

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.