Petrol and diesel prices in Rajasthan are breaking new records every day. This is happening for the first time in history when the price of petrol and diesel has increased 22 times in 29 days. On Friday, domestic oil companies have once again increased the prices of petrol and diesel for the third consecutive day. Oil companies today increased the prices of petrol by 37 paise and diesel prices by up to 37 paise. After the implementation of the new prices of diesel, 1 litre of diesel in Jaipur has reached Rs 107, 22 paise, while petrol has reached the price of Rs 115 and 94 paise.
Benchmark Brent crude is currently trading at around $85 a barrel. Which can go up to $100 a barrel in the next three to six months. When it reaches $100, petrol and diesel in the domestic market will become more expensive by Rs 8-10 per litre from the current prices. Due to this, the prices will increase further in high weight states like Rajasthan and Madhya Pradesh.
According to Iraq's Oil Minister Ehsan Abdul Jabbari, crude oil will touch $100 a barrel between the first and second quarters of next year. The current price of Brent ($85) is already doubled from a year ago ($42.5). This has added to the troubles of India, which imports about 85 per cent of its crude requirement. Here imports may have to increase.
In Rajasthan, the central government has increased the central excise and the state government in the form of VAT many times in the last 18 months. After which the state government had also given relief in VAT of 2 per cent in petrol and diesel. But the government relief is currently proving to be unsuccessful in curbing the rising prices of petrol and diesel. In such a situation, now the common man is also expecting a reduction in excise duty from the central government. So that the prices of petrol and diesel can be reduced.
