Sri Ganganagar, a small metropolis in northernmost a part of Rajasthan close to the India-Pakistan border has develop into the primary metropolis in the nation the place retail costs of each auto fuels — petrol and diesel — have crossed the century mark.
The metropolis already had the excellence of getting the very best pump price of petrol throughout the nation at Rs 107.23 a litre. With diesel costs now rising there by one other 25 paisa per litre on Saturday it reached Rs 100.06 a litre.
However, the document will not be held for lengthy as elsewhere in Rajasthan as properly, particularly cities close to the border areas, diesel is predicted to the touch the Rs 100-mark quickly.
Similarly, a couple of locations in Madhya Pradesh, Maharashtra, Telangana and Andhra Pradesh, the place by advantage of upper VAT charges, gas costs are at all times a lot increased than remainder of the nation. Premium fuels have already been above the Rs 100-mark in a number of cities for previous few months.
What had introduced gas costs nearer to Rs 100-per-litre-mark is the constant improve in retail costs performed by oil advertising corporations for final 5 to 6 weeks.
Even on Saturday, OMCs raised the price of petrol and diesel by 22-32 paisa per litre throughout the nation, the second consecutive improve in as many days.
With the most recent improve, the retail costs of petrol and diesel elevated by 27 paisa per litre and 23 paisa per litre to the touch Rs 96.12 and Rs 86.98 per litre, respectively in Delhi.
In Mumbai, the place petrol costs crossed Rs 100-mark for the primary time ever on May 29, the gas price reached new excessive of Rs 102.36 per litre on Saturday. Diesel costs additionally elevated in the town to succeed in Rs 94.45 a litre, the very best amongst metros.
Across the nation as properly petrol and diesel costs elevated on Saturday however its retail costs various relying on the extent of native taxes in totally different states.
With Saturday’s price hike, gas costs have now elevated on 23 days and remained unchanged on 20 days since May 1. The 22 will increase has taken up petrol costs by Rs 5.72 per litre in Delhi. Similarly, diesel have elevated by Rs 6.26 per litre in the nationwide capital.
With world crude costs additionally rising on a decide up demand and depleting inventories of worlds largest gas guzzler — US, retail costs of gas in India is predicted to agency up additional in coming days.
The benchmark Brent crude is presently near $74 on the ICE or Intercontinental Exchange .