Petrol and diesel prices and LPG rates are decided on the basis of benchmark rates in the international oil market. India imports around 85 per cent of its oil and energy requirements
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Petrol crosses â¹99/litre in Rajasthan, â¹95 in Mumbai; diesel at â¹91 as prices rise for 6th day
Petrol price crossed the Rs 99 a litre mark in Rajasthan on Sunday while diesel topped Rs 91 after rates were increased for the sixth day in a row. Petrol price was increased by 29 paise per litre and diesel by 32 paise, according to a price notification of state-owned fuel retailers.
This pushed retail rates, which differ from state to state depending on incidence of local sales tax or VAT and freight charges, to their highest level.
In the national capital, petrol climbed to Rs 88.73 a litre and diesel soared to Rs 79.06, the notification showed. Rajasthan, which levies the highest VAT on fuel in the country, had the highest petrol and diesel prices. In Sriganganagar town of the state, petrol soared to Rs 99.29 and diesel jumped to Rs 91.17 per litre.