Categories: Business

Petrol Spans Rs 100/litre at Thane, Strikes Rs 99.94 in Mumbai

NEW DELHI: Petrol cost on Thursday spanned the Rs 100-a-litre indicate in Thane district of Maharashtra, although it had been hovering a bit below that amount in Mumbai, following gas prices have been increased again. Petrol cost was raised by 24 paise a litre and diesel by 29 paise a litre on Thursday, as reported by a cost notification of state-owned gas retailers. The growth – 14th this month – earned petrol and gas prices to a all-time large across the nation. The purchase price of gas, that had crossed the Rs 100-mark in a number of towns in Rajasthan, Madhya Pradesh and Maharashtra, violated the psychological barrier at the Thane district of Maharashtra on Thursday. In Thane, gas now includes Rs 100.06 a litre and petrol includes Rs 91.99 each litre. In neighbouring Mumbai, gas cost increased to Rs 99.94 a litre, while gas prices jumped to Rs 91.87per cent Fuel prices vary from state to state based upon the prevalence of local taxation like VAT and freight costs. Rajasthan levies the greatest value-added taxation (VAT) on gasoline in the nation, followed by Madhya Pradesh and Maharashtra. In Delhi, gas cost climbed to Rs 93.84 a litre and petrol to Rs 84.61. That is the 14th rise in costs since May 4, even when state-owned oil companies finished an 18-day hiatus in speed revision they discovered through assembly elections in countries including West Bengal. Oil businesses revise rates of gas and gas daily depending on the normal cost of grade gas at the worldwide marketplace in the previous 15-days, and international exchange prices. Sri Ganganagar district of Rajasthan had the priciest gas and gas in the nation at Rs 104.67 a litre and Rs 97.49 per litre, respectively. In 14 rises, gas cost has climbed by Rs 3.28 a litre and diesel by Rs 3.88.

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