Petrol crosses Rs 95 in Thiruvananthapuram, diesel at Rs 90.37

Thiruvananthapuram: Petrol and diesel prices rose by 17 paise and 29 paise respectively on Sunday, according to a price notification of state-owned fuel retailers.

Petrol costs Rs93.31 and diesel costs 88.61 in Ernakulam district. The prices are Rs 95.19 and Rs 90.37 respectively in Thiruvananthapuram.

Diesel price in the national capital on Sunday crossed Rs 84 mark while petrol rate in Mumbai neared Rs 100 a litre after fuel prices were raised again.

The hike - 12th this month - pushed petrol and diesel prices to an all-time high across the country.

In Delhi, petrol rates climbed to Rs 93.21 a litre and diesel rose to Rs 84.07.

Rates had already crossed the Rs 100-mark in several cities in Rajasthan, Madhya Pradesh and Maharashtra and with the latest increase, the price in Mumbai too was inching towards that level.

A litre of petrol in Mumbai now comes for Rs 99.49 and diesel is priced at Rs 91.30 per litre.

Fuel prices differ from state to state depending on the incidence of local taxes such as VAT and freight charges. Rajasthan levies the highest value-added tax (VAT) on petrol in the country, followed by Madhya Pradesh and Maharashtra.

Oil companies revise rates of petrol and diesel daily based on average price of benchmark fuel in the international market in the preceding 15-days, and foreign exchange rates.

This is the 12th increase in prices since May 4, when the state-owned oil firms ended an 18-day hiatus in rate revision they observed during assembly elections in states like West Bengal.

Sri Ganganagar district of Rajasthan had the costliest petrol and diesel in the country at Rs 104.18 per litre and Rs 96.91 a litre, respectively.

In 12 increases, petrol price has risen by Rs 2.81 per litre and diesel by Rs 3.34.

(With PTI inputs.)

The comments posted here/below/in the given space are not on behalf of Onmanorama. The person posting the comment will be in sole ownership of its responsibility. According to the central government's IT rules, obscene or offensive statement made against a person, religion, community or nation is a punishable offense, and legal action would be taken against people who indulge in such activities.