:: Technical --- ID :: 18668
Diesel prices in Rajasthan near Rs 100 mark
Diesel prices in Rajasthan near Rs 100 mark

Diesel prices in Rajasthan near Rs 100 mark

In 21st fuel hike since May 4, fuel prices across the country have rapidly risen, with the state of Rajasthan seeing diesel prices rise by 27 paise to touch Rs 99.24.

Since May 4 petrol prices have risen by Rs 4.96 per litre and diesel prices by Rs 5.56 per litre.

Five states across India - Rajasthan, Madhya Pradesh, Maharashtra, Andhra Pradesh, Telangana - are currently seeing petrol prices over Rs 100 per litre.

The increase in prices has been attributed to a rise in the price of brent crude oil, which is set to reach a high of $72 for the first time in two years.

"The prices of petroleum products have gone up. The main reason is that the price of crude oil has gone over $70 (per barrel) in the international market. This negatively impacts consumers here, as India imports 80 per cent of its oil requirement," PTI quoted Petroleum Minister Dharmendra Pradhan as saying.

Fuel prices change across the country as various factors are pooled into the final price, from transport charges to VAT and other local taxes.

Rajasthan's high prices are a result of the state levying the highest VAT in the country, closely followed by Madhya Pradesh, Maharashtra and the two Telugu states - Andhra Pradesh and Telangana.

As a result, petrol in Mumbai recently touched Rs 100 - making it the first metro to see that high a price. Petrol in Mumbai is currently selling at Rs 101 per litre and diesel at Rs 93 per litre.

The Economic Times 08-06-2021