For the first time ever, the price of petrol crossed the ₹ 100 per litre mark in Rajasthan today after fuel rates were hiked for the ninth day in a row.
Petrol and diesel prices were increased by 25 paise per litre each, according to a price notification of state-owned fuel retailers.
While branded or additive-laced petrol, which attracts higher taxes, had crossed the ₹ 100-mark in some places in states like Maharashtra, Madhya Pradesh and Rajasthan, this is the first time that regular petrol crossed the physiological mark.
In Sriganganagar town of Rajasthan, petrol price soared to ₹ 100.13 a litre today.
Fuel prices differ from state to state depending on the incidence of local taxes such as VAT and freight charges. Rajasthan levies the highest VAT on petrol in the country.
After Wednesday’s price increase, petrol in Delhi cost ₹ 89.54 per litre and diesel ₹ 79.95. In Mumbai, petrol price rose to ₹ 96 a litre and diesel was priced at ₹ 86.98.
The record price in Rajasthan is despite the state government late last month cutting VAT on petrol and diesel by 2 per cent. The value-added tax (VAT) on petrol, after the cut, at 36 per cent plus ₹ 1.5 per litre road cess is still the highest in the country. On diesel, the state levies 26 per cent and ₹ 1.75 per litre road cess.
Diesel in Sriganganagar is priced at 92.13 a litre. In Anuppur of Madhya Pradesh, petrol is priced at 99.90 per litre and diesel at ₹ 90.35.