Petrol crosses 100 mark in Udaipur - prices rise by 4% in May
Rajasthan's Sri Ganganagar district has recorded the highest fuel price in India, with Petrol costing Rs 104.94 and Diesel costing 97.74
May 29, 2021, 21:53 IST
Rajasthan levies the highest VAT in the country
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.
May has witnessed the second major hike in fule prices (4% for Petrol and 5% for Diesel). The first major hike in 2021 was in February, when the price of Petrol was hiked by 5.2% and Diesel was hiked by 5.3%.
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.
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