The price of diesel crossed Rs 100 in Rajasthan on June 12 as fuel companies increased rates for the 23rd time since May 4. This is the first time in India that the price of diesel crossed Rs 100, the Hindustan Times reported. Diesel price in Rajasthan’s Sri Ganganagar city stood at Rs 100.05 on June 12 after a 23 paise hike. Petrol cost Rs 107.22 in the city as it was increased by 27 paise. Petrol has crossed Rs 100-mark in seven states and union territories - Rajasthan, Madhya Pradesh, Maharashtra, Andhra Pradesh, Telangana, Karnataka & Ladakh. In Delhi, the price of diesel rose to Rs 86.98 per litre, while petrol hit a record of Rs 96.12. In Mumbai, diesel cost Rs 94.39, while petrol was priced at Rs 102.30 per litre. The excise tax on petrol was Rs 9.48 per litre when the PM Modi-led NDA government took office in 2014, and that on diesel was Rs 3.56 a litre. Excise duty on petrol now is Rs 32.90 per litre and makes up for 34 per cent of the retail selling price. State-run oil marketing companies, including Indian Oil Corporation, Bharat Petroleum & Hindustan Petroleum, revise the rates to align domestic fuel prices with the global crude rates. Meanwhile, Union petroleum minister Dharmendra Pradhan on June 13 said the rising petrol & diesel prices cannot be brought down because the government is saving money for the welfare schemes. Watch the video to know more.
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