OIL & GAS

Petrol crosses Rs 100 in Bihar after another round of price hike

Petrol price soared past Rs 100-a-litre mark in Bihar after fuel prices were hiked again on Sunday on the back of a surge in international oil rates. Petrol price was hiked by 35 paise per litre and diesel by 25 paise, according to a price notification of state-owned fuel retailers.

The increase, second in as many days and 31st in less than two months, took rates across the country to fresh highs with Bihar becoming the latest state to see petrol cross Rs 100-a-litre mark.

Petrol and diesel prices were hiked by 35 paise per litre each on Saturday. In Delhi, petrol hit an all-time high of Rs 98.46 a litre, while diesel is now priced at Rs 88.90 per litre.

Fuel prices differ from state to state depending on the incidence of local taxes such as value-added tax (VAT) and freight charges.

Source
ET Energy World
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