Petrol prices crossed Rs 100 to touch Rs 101.18 on 29 May. This rise comes after a 4% hike in fuel rates in the month of May alone. Petrol and Diesel rates are revised daily on the basis of average price of fule in the international market in the preceding fortnight and forex rates. Sri Ganganagar district in Rajasthan recorded the costliest fuel in the country with Petrol coming at Rs 104.94 and Diesel priced at Rs 97.79 per litre, respectively.
Increase in the price of fuel, both Petrol and Diesel (in Udaipur, the price of Diesel is touching Rs 95) during the tough times, is indeed a matter of concern. Residents and business are struggling with the second lockdown in 18 months. The prices of Petrol and Diesel proceeding Northward will not be helping the cause of livelihood, which is already in tatters due to the pandemic induced lockdown.
The petrol price in Delhi is Rs Rs 93.94 and in Mumbai the price of Petrol is Rs 101.19 per litre. Rajasthan levies the highest Value Added Tax in India, while Madhya Pradesh and Maharashtra come second and third respectively.