<p>Petrol and diesel prices on Tuesday scaled new highs across the country after they were hiked for the 17th time in a month.</p>.<p>Petrol price was increased by 26 paise per litre and diesel by 23 paise a litre, according to a price notification of state-owned fuel retailers.</p>.<p>In Delhi, petrol hit an all-time high of Rs 94.49 a litre, while diesel is priced at Rs 85.38 per litre.</p>.<p>Fuel prices differ from state to state depending on the incidence of local taxes such as VAT and freight charges. Rajasthan levies the highest value-added tax (VAT) on petrol in the country, followed by Madhya Pradesh and Maharashtra.</p>.<p>The price of petrol, which had already crossed the Rs 100-mark in several cities in Rajasthan, Madhya Pradesh and Maharashtra, breached the psychological barrier in Mumbai on Saturday. Tuesday's price increase was the second since then.</p>.<p>Petrol now costs Rs 100.72 a litre in Mumbai and diesel comes for Rs 92.69 per litre.</p>.<p>The increase on Tuesday is the 17th increase in prices since May 4, when state-owned oil firms ended an 18-day hiatus in rate revision they observed during assembly elections in states like West Bengal.</p>.<p>In 17 increases, petrol price has risen by Rs 4.09 per litre and diesel by Rs 4.65 a litre.</p>.<p>Oil companies revise rates of petrol and diesel daily based on the average price of benchmark fuel in the international market in the preceding 15-days, and foreign exchange rates.</p>.<p>Brent crude oil - the most widely used international benchmark - has risen 36 per cent this year to more than USD 70 a barrel.</p>.<p>This has prompted an increase in retail fuel prices.</p>.<p>Rates are at the highest in the country in Sri Ganganagar district of Rajasthan where petrol comes for Rs 105.52 a litre and diesel for Rs 98.32 per litre. </p>
<p>Petrol and diesel prices on Tuesday scaled new highs across the country after they were hiked for the 17th time in a month.</p>.<p>Petrol price was increased by 26 paise per litre and diesel by 23 paise a litre, according to a price notification of state-owned fuel retailers.</p>.<p>In Delhi, petrol hit an all-time high of Rs 94.49 a litre, while diesel is priced at Rs 85.38 per litre.</p>.<p>Fuel prices differ from state to state depending on the incidence of local taxes such as VAT and freight charges. Rajasthan levies the highest value-added tax (VAT) on petrol in the country, followed by Madhya Pradesh and Maharashtra.</p>.<p>The price of petrol, which had already crossed the Rs 100-mark in several cities in Rajasthan, Madhya Pradesh and Maharashtra, breached the psychological barrier in Mumbai on Saturday. Tuesday's price increase was the second since then.</p>.<p>Petrol now costs Rs 100.72 a litre in Mumbai and diesel comes for Rs 92.69 per litre.</p>.<p>The increase on Tuesday is the 17th increase in prices since May 4, when state-owned oil firms ended an 18-day hiatus in rate revision they observed during assembly elections in states like West Bengal.</p>.<p>In 17 increases, petrol price has risen by Rs 4.09 per litre and diesel by Rs 4.65 a litre.</p>.<p>Oil companies revise rates of petrol and diesel daily based on the average price of benchmark fuel in the international market in the preceding 15-days, and foreign exchange rates.</p>.<p>Brent crude oil - the most widely used international benchmark - has risen 36 per cent this year to more than USD 70 a barrel.</p>.<p>This has prompted an increase in retail fuel prices.</p>.<p>Rates are at the highest in the country in Sri Ganganagar district of Rajasthan where petrol comes for Rs 105.52 a litre and diesel for Rs 98.32 per litre. </p>