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The apiarists of Hanumangarh district of Rajasthan are as busy as a <keyword id="6363485" type="General" weightage="80" keywordseo="bee" source="Orion">bee</keyword> itself. Sadly, they are not getting a fair price for the hard work they put in. Over the years, production cost has soared, but honey prices have not increased proportionately, putting around 1,500 beekeepers in the district in a tight spot. Considering the charges incurred on bee boxes, labour, food and accommodation of labourers and transport, the production cost of one kg of honey comes to Rs 125. In contrast, companies buy the produce for Rs 60-70 per kg, which is at least Rs 10 less than the procurement price provided almost two decades ago! The struggle does not end with this wide disparity in input and procurement costs. The drop in honey production also stings beekeepers. "Twenty-five years ago, one colony produced 50 to 60 kg of honey in the mustard growing season (October to March). With the increased use of pesticides and fertilisers, this has come down to 15 kg," said Punjab-based Jaspreet Singh, who supplies bee colonies to apiarists in Hanumangarh. "Bees do not visit flowers of crops sprayed with pesticides, else they will die. This has affected pollination. There is also a new concern that genetically modified plants might have an adverse effect on pollinators," he added. Honey trap Among the many issues, the addition of artificial colours and sugars to honey is a major cause of concern for beekeepers. "The authorities are hand in glove with procuring companies. It keeps changing norms, which encourages companies to sell adulterated honey instead of buying pure produce from us. Some parameters were unnecessarily diluted, without any explanation,' Prakash Singh <keyword id="6382895" type="General" weightage="80" keywordseo="badal" source="Orion">Badal</keyword>, a resident of Nohar in Hanumangarh and president of the northern Rajasthan unit of the Rashtriya Beekeepers Sangharsh Samiti, told 101Reporters. The Food and Agriculture Organisation of the United Nations has defined honey as a natural sweet substance produced by bees from the pollination of plants or by separating living parts of plants or by insects sucking on living plants. The bee collects, transforms, dehydrates and stores it, ripens and matures it in the hive. For the greed of money, several companies play with the health of unsuspecting consumers by selling honey mixed with maize and rice syrup. An investigation carried out by Delhi-based Centre for Science and Environment (CSE) in 2020 found that 10 out of the 13 major brands sold honey containing sugar syrup. "In 1994, the Food Safety and Standards Authority of India had set the standard for pollen count and plant element in honey at 50,000 per gram, but it was changed to 25,000 per gram in 2018. A year later, it was diluted to 5,000 per gram. The government also did away with the quality control test for honey," Badal explained. At the same time, pollen count is not considered a measure of the quality of honey globally. Consequently, determining adulteration by checking the pollen count has been a matter of controversy. This is exacerbated by the fact that pollen count varies in different types of honey. For example, it can be different in mustard, litchi, or honey obtained from a single flower or different flowers. Banks sting them Rajasthan Khadi and Village Industries Board does not run any special scheme for beekeepers, but gets grants from the Khadi and Village Industries Commission through the state government. While banks give loans to apiarists, the board pitches in by offering subsidies to the loanee using the Central Commission's grant. The subsidy component differs for Scheduled Castes and Tribes, Other Backward Classes and the general category. However, the subsidy upper limit is 35 per cent of the loan amount. Harjeet Singh of Araiyanwali Dhani explained how banks let him down. "My brother Gurmeet Singh and I made a loan application with the Khadi board in 2019. The board sanctioned Rs 8 lakh each in our names and sent the proposal to ICICI Bank, which turned it down after a long-winding process. If the bank had passed our loan, we could have expanded our beekeeping business and taken advantage of the subsidy." Kuldeep Saharan of Ranjitpura had a similar experience. "The board sanctioned Rs 4 lakh in my name, but the State Bank of India did not disburse the money. No bank gives money to beekeepers," he lamented. Confirming the charge, Madan Lal Swami, Divisional Officer, Rajasthan Khadi and Village Industries Board, Bikaner, told 101Reporters that banks were not cooperative. He said they have raised the issue in several meetings and seminars, but the attitude of the banks have remained the same. "From 2018 to date, 58 apiarists have applied for loans. We rejected 21 applications at the departmental level due to various deficiencies, but approved 35 and asked various banks to give loans. Yet, only four beekeepers got the money. The remaining two applications are pending with us." When contacted, <keyword id="103483" type="General" weightage="50" keywordseo="raj-kumar" source="Orion">Raj Kumar</keyword>, lead district manager, Hanumangarh, told 101Reporters that banks do not adopt a negative approach in any matter. "It is quite possible that banks have rejected several applications because they are not confident that the loanee can pay back the amount. They just want to ensure the return of the money. At the same time, there may be cases where the banks have given loans to all applicants. It is purely based on the merit of each case," he said. Rajasthan Horticulture Department also has a provision to arrange a 40 per cent subsidy from the National Horticulture Mission for the supply of bee colonies and bee boxes. In the 2022-23 financial year, the department planned to distribute 2,850 colonies and boxes in Hanumangarh district. Similarly, neighbouring Sri Ganganagar district was to get 7,550 colonies and boxes each. Horticulture Officer <keyword id="6110560" type="General" weightage="50" keywordseo="rajendra-nain" source="Orion">Rajendra Nain</keyword> told 101Reporters that a tender invite was issued last year, but the contract was not inked with any of the bidders. Two months ago, a new tender invitation was made. Bogged down by several issues, the apiarists of Hanumangarh district held a protest outside the Collectorate in February and submitted a memorandum of demands, which included announcing a Minimum Support Price of Rs 150 per kg for honey. They sought recognition of honey bees as inputs to agriculture and landless beekeepers as farmers, as recommended by Bibek Debroy-led Beekeeping Development Committee under the Economic Advisory Council to the Prime Minister. "The Debroy committee had recommended plantation of bee-friendly flora at appropriate places and employment of women self-help groups for its upkeep," said Badal. The committee report released on June 26, 2019, had discussed the state government's role in training beekeepers, besides promoting infrastructure at the national and regional levels for the collection, processing, marketing and promotion of honey and related products. There were suggestions to simplify the procedures and specify clear standards to ease exports. "We would have benefitted if the committee's recommendations were implemented, but it has been shelved for almost four years," he added. The beekeepers also sought the setting up of a laboratory that met international standards to check the purity of honey and curb adulteration. They want the administration to ban genetically modified crops and the indiscriminate use of pesticides in agriculture. They believe that farmers will benefit if honey is included in the mid-day meal scheme, and made available at government stores. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/ather-finally-focuses-on-affordable-electric-scooters-after-losing-its-lead-to-ola-electric-and-tvs-motor/articleshow/99456189.cms">Ather finally focuses on affordable electric scooters after losing its lead to Ola Electric and TVS Motor</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/entertainment/news/star-treks-william-shatner-to-lead-stars-on-mars-competition-series/articleshow/99457006.cms">Star Trek's William Shatner to lead 'Stars On Mars' competition series</a>

Rajasthan's beekeepers in the honey trap of high costs and low prices

Soaring temperatures and ill-timed closure of canals for maintenance left kinnow <keyword id="45092" type="General" weightage="100" keywordseo="farmers" source="Orion">farmers</keyword> in Rajasthan's Sri Ganganagar district, with no choice but to switch to sowing moong, cluster bean and <keyword id="6359181" type="General" weightage="80" keywordseo="cotton" source="Orion">cotton</keyword> crops. "What could we do? Harvests were negligible in the last couple of years. Both blooms and fruit dropped for the third consecutive year. Due to scarcity of water, I could not sow anything this year. Now onwards, I intend to focus on cotton and wheat. Since this year, the season for cotton and wheat has already gone by, I sowed the less water-intensive crops (moong and cluster beans)," farmer Ranveer Jhatwal from Chak 25ML told 101Reporters. Jhatwal had been growing kinnow on 24 bighas of land for 15 years. But last year, he uprooted his orchards from 12 bighas, taking out the remaining this year. But Jhatwal is not the only farmer to take such an extreme step. Several small and big farmers in Rajasthan have been doing so. Heat and lack of irrigation ruined 80% to 92% of the orchards this year, forcing nearly every farmer to uproot his orchard, as compared to just a few who did so last year. Statistics furnished by the Horticulture Department reveal that out of 11,540ha under kinnow, 115ha of orchards were uprooted until May 17, and by June 3, the figure stood at 289ha. Farmers continue to uproot their kinnow orchards in every tehsil of the district. The kinnow disillusionment Orchards made their first appearance in Sriganganagar within two to three years of the Gang Canal coming up in 1927. However, it was in the past two decades that horticulturists saw fruit orchards literally bloom in the district. Even as sweet lime, guava, pomegranate, dates, amla and lemons thrived, kinnow was their most profitable fruit. While incentives extended by the National Horticulture Mission were a big draw, pest infestations on their cotton crop resulting in huge losses finally saw farmers opt for kinnow cultivation. Sriganganagar district alone produces 80,000 metric tonnes of kinnow annually, a large part of which was exported to China, Russia, Bangladesh, Nepal, Australia and Bhutan. Joint Director of Agriculture (retd) VS Nain, who served earlier in Sriganganagar, said: "Wheat, mustard and cotton were the crops traditionally grown in this district. But when expenses on pesticides rose sharply following caterpillar attacks around two decades ago, harried farmers were compelled to spray nearly 30 to 40 rounds of pesticides to save a single crop of cotton. This was when they switched to kinnow. And it didn't disappoint them either; they earned ample profits on every crop. Unfortunately, the last three years brought them repeated losses and forced them to uproot their orchards." Narrating his woes, farmer Mahendra Kumar of Chak 25ML recalled how his 50-bigha orchard once fetched him Rs 35 lakh to Rs 40 lakh annually, but he couldn't break even in the last three years. "In 2020, there was very little produce, and in 2021, I earned a meagre Rs 5 lakh after spending Rs 7 lakh on inputs. This year, the intense heat and lack of irrigation caused the blooms and fruit to drop. Two years ago, I uprooted 10 bighas; last year, I uprooted another 12 bighas; this year, I uprooted another 5 bighas of orchard land," Kumar said, adding that he now intends to grow cotton since crop from a single bigha can earn him up to Rs 1 lakh. Usually, one has to wait four years for a kinnow crop after planting an orchard and hold on for seven years before one can harvest the best fruit. But presently, even farmers who planted saplings only two years ago are uprooting their orchards, anticipating losses in future. Farmer Bhupendra Singh of Chak 11ML had laid his orchard on 9 bighas of land at a total cost of Rs 6 lakh to Rs 7 lakh. He has uprooted his entire orchard. With a heavy heart, Singh said, "What is the point in keeping this orchard, when I cannot profit from it? My neighbour, farmer Jagseer Singh, also uprooted his two-year-old orchard." Excessive heat and lack of irrigation water also led farmer Ashok Chaudhary of village 24GB to uproot his orchard. "There were no blooms for the past two years. Excessive heat wilted my plants," Chaudhary told 101Reporters. "Last year, I uprooted 15 bighas of my orchard and planted mustard on this land, which yielded 5 to 6 quintals per bigha of produce. Recently, I uprooted another 10 bighas. Cotton has also proved more profitable than kinnow for me." Explaining why uprooting their orchards is their best option, farmer Jhatwal said, "One has to spend Rs 25,000 to Rs 30,000 per bigha every year on the kinnow crop. It's a burden when the produce falls short consecutive years." Mercury spike, water scarcity, among others, are the biggest threats. Assistant Director of the Horticulture Department Priti <keyword id="17684" type="General" weightage="50" keywordseo="bala" source="Orion">Bala</keyword> pointed out the temperatures in March were unprecedentedly high in the last two years. "Temperatures between 25 degrees Celsius and 30 degrees in March-end are ideal for flowering. But this year, temperatures touched 40 degrees, she explained. "High temperatures can cause flowers and fruit to drop. This was also the time when canals were shut for repairs, preventing farmers from accessing much-needed irrigation water." Analysing the situation, VS Nain noted that the Water Resources Department must keep the needs of farmers in mind as and when they shut off irrigation canals for necessary repairs. Currently, they are turned out in April-May, which is when orchards need irrigation water. The rising prices of cotton in the mandis also drew farmers to cotton cultivation, Bala added. Though the department has advised farmers to remain patient "since cotton prices can also be unstable". Furthermore, the failure of the kinnow crop has not been confined to Sriganganagar alone, Agriculture Officer (Horticulture) Rajendra Nain in Horticulture Department Sriganganagar told 101Reporters. High temperatures wreaked havoc on the fruit trees in the northern states of Punjab and Haryana; compelling farmers in Abohar and Fazilka districts of Punjab and Sirsa in Haryana to uproot their orchards. Seeking compensation for the threat to their livelihood When orchards are uprooted, there's a threat to many kinnow-related industries, as well. There are around 36 kinnow packing and grading establishments in the district, each set up with an investment of Rs 35 lakh to Rs 1 crore. These grade the kinnow, apply preservatives on the fruit and pack them for export. Babu Khan Rizvi, the owner of one such wax and grading plant, told 101Reporters, "The destruction of the orchards spells disaster for us. If the orchards are uprooted, what will happen to us? Each plant employs around 100 to 150 labourers. Us factory owners and workers will have to pay the price." In light of these developments, the Bharatiya Kisan Union (BKU) <keyword id="96979" type="General" weightage="50" keywordseo="youth-wing" source="Orion">Youth Wing</keyword> has submitted a memorandum to the district administration. BKU (Youth Wing) District Secretary Shivprakash <keyword id="2394445" type="General" weightage="50" keywordseo="saharan" source="Orion">Saharan</keyword> emphasised, "The government ought to conduct a survey, and fix an amount of Rs 1 lakh per hectare as disaster relief compensation." Kinnow growers get just one crop a year, but the inputs needed are equal to that required for two crops, he pointed out. Hence, the administration must offer corresponding compensation. Claiming that the losses were much higher in reality than that reported by the authorities, Saharan also said that these orchards should be notified under the Pradhan Mantri Fasal Bima Yojana to be eligible for insurance ALSO SEE: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/science/environment/news/india-heads-into-the-thunderstorm-zone-right-after-the-heatwave-orange-alerts-issued/articleshow/92333863.cms">India heads into the thunderstorm zone right after the heatwave, orange alerts issued</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/science/environment/news/imd-predicts-heavy-rain-in-chennai-adjoining-districts/articleshow/92332545.cms">IMD predicts heavy rain in Chennai, adjoining districts</a>

Canal closures make Rajasthan farmers uproot their kinnow orchards in bulk

<keyword id="6367091" type="LOCATION" weightage="20" keywordseo="petrol">Petrol</keyword> price on Friday inched closer to the ₹100-a-litre mark in Mumbai while <keyword id="6356109" type="UNKNOWN" weightage="20" keywordseo="diesel">diesel</keyword> crossed the ₹91 mark after oil companies raised rates again. Petrol price was increased by 19 paise per <keyword id="88122" type="PERSON" weightage="20" keywordseo="Litre">litre</keyword> and diesel by 29 paise a litre, according to a price notification by state-owned fuel retailers. The hike -- 11th this month -- pushed petrol and diesel prices to all-time high levels across the country. In Delhi, petrol rates climbed to ₹93.04 a litre and diesel rose to ₹83.80. Rates had already crossed the ₹100-mark in several cities in Rajasthan, Madhya Pradesh and Maharashtra and with the latest increase, the price in Mumbai too was inching towards that level. A litre of petrol in Mumbai now comes for ₹99.32 and diesel is priced at ₹91.01 per litre. Fuel prices differ from state to state depending on the incidence of local taxes such as <keyword id="6370857" type="COMPANY" weightage="20" keywordseo="VAT">VAT</keyword> and freight charges. Rajasthan levies the highest value-added tax (VAT) on petrol in the country, followed by Madhya Pradesh and Maharashtra. Oil companies revise rates of petrol and diesel daily based on average price of benchmark fuel in the international market in the preceding 15-days, and foreign exchange rates. This is the 11th increase in prices since May 4, when the state-owned oil firms ended an 18-day hiatus in rate revision they observed during assembly elections in states like West Bengal. Sri Ganganagar district of Rajasthan had the costliest petrol and diesel in the country at ₹104 per litre and ₹96.62 a litre, respectively. In 11 increases, petrol price has risen by ₹2.64 per litre and diesel by ₹3.07. SEE ALSO: <a href="https://www.businessinsider.in/india/news/the-number-of-working-women-in-india-has-been-steadily-declining-heres-why/articleshow/82823052.cms">The number of working women in India has been steadily declining, here’s why</a> <a href="https://www.businessinsider.in/business/startups/news/esper-an-android-based-development-platform-raises-30-million-as-pandemic-accelerates-adoption-of-intelligent-devices/articleshow/82822560.cms">Esper, an Android-based development platform, raises $30 million as pandemic accelerates adoption of intelligent devices</a> <a href="https://www.businessinsider.in/tech/apps/news/clubhouse-for-android-is-now-available-in-india-but-it-may-be-too-little-too-late/articleshow/82821238.cms">Clubhouse for Android is now available in India, but it may be too little too late</a>

Petrol and diesel prices rise again by 19 paise and 29 paise per litre, petrol inches closer to ₹100 mark in Mumbai

<keyword id="6367091" type="COMPANY" weightage="20" keywordseo="petrol">Petrol</keyword> and <keyword id="6356109" type="UNKNOWN" weightage="20" keywordseo="diesel">diesel</keyword> <keyword id="6366990" type="UNKNOWN" weightage="20" keywordseo="Prices">prices</keyword> on Tuesday were hiked for the sixth time this month, propelling prices to cross the ₹100-a-litre-mark in places from Nanded in <keyword id="13126" type="COMPANY" weightage="20" keywordseo="Maharashtra">Maharashtra</keyword> to Rewa in Madhya Pradesh to Jaisalmer in Rajasthan. Petrol price was hiked by 27 paise a litre and diesel by 30 paise per litre, according to a price notification by state-owned fuel retailers. The increase took petrol and diesel prices to their highest-ever level across the country. In <keyword id="66" type="LOCATION" weightage="20" keywordseo="Delhi">Delhi</keyword>, petrol now comes for ₹91.80 per litre and diesel is priced at ₹82.36. This was the sixth increase in prices since May 4, when the state-owned oil firms ended an 18-day hiatus in rate revision they observed during assembly elections in states like West Bengal. The price increase led to petrol rates crossing the ₹100-mark in more places of Rajasthan, Madhya Pradesh and Maharashtra. Fuel prices differ from state to state depending on the incidence of local taxes such as <keyword id="6370857" type="COMPANY" weightage="20" keywordseo="VAT">VAT</keyword> and freight charges. Rajasthan levies the highest value-added tax (VAT) on petrol in the country, followed by Madhya Pradesh. Sri Ganganagar district of Rajasthan had the costliest petrol and diesel in the country at ₹102.70 per litre and ₹95.06 a litre respectively. Also in Rajasthan, petrol crossed the ₹100-mark in Jaisalmer (₹100.71) and Bikaner (₹100.70) while it neared that mark in Barmer (₹99.82). Petrol in several districts of Madhya Pradesh, including Shahdol (₹102.06), Rewa (₹102.04), Chhindwara (₹101.67) and Balaghat (₹101.98) crossed the physiological mark. It neared that mark in Indore (₹99.90 a litre) and Bhopal (₹99.83). If rates continue to raise, Bhopal will be the first state capital to see petrol at ₹100. In Nanded district of Maharashtra, petrol was being sold at ₹100.30. In six increases, petrol price has risen by ₹1.41 per litre and diesel by ₹1.63. After raising petrol price by a record ₹21.58 per litre and diesel by ₹19.18 since the government raised excise duty to an all-time high in March last year, state-owned fuel retailers, <keyword id="6354733" type="COMPANY" weightage="20" keywordseo="ioc">IOC</keyword>, <keyword id="44555" type="COMPANY" weightage="20" keywordseo="BPCL">BPCL</keyword> and <keyword id="6362419" type="COMPANY" weightage="20" keywordseo="hpcl">HPCL</keyword> had reduced petrol price by 67 paise a litre and diesel by 74 paise per litre effected between March 24 and April 15. Oil companies, who have in recent months resorted to unexplained freeze in rate revision, had hit a pause button after cutting prices marginally on April 15. This coincided with electioneering hitting peak to elect new governments in five states including West Bengal. No sooner had voting ended, oil companies indicated an impending increase in retail prices in view of firming trends in international oil markets. They said prices have been on a continuous uptrend since April 27. Central and state taxes make up for 60 per cent of the retail selling price of petrol and over 54 per cent of diesel. The union government levies ₹32.90 per litre of excise duty on petrol and ₹31.80 on diesel. In Mumbai, the petrol price was hiked to ₹98.12 a litre on Tuesday from ₹97.86, while diesel rates were increased to ₹89.48 from ₹89.17, the price notification showed. SEE ALSO: <a href="https://www.businessinsider.in/business/news/this-ev-startup-mobycy-went-from-solving-last-mile-commute-to-delivery/articleshow/82513392.cms">It took one pivot and five years for this EV startup founder to hit the sweet spot for business in India</a> <a href="https://www.businessinsider.in/tech/apps/news/clubhouse-android-download-release-date-beta-version/articleshow/82515109.cms">Clubhouse for Android finally launched as downloads and hype take a plunge</a> <a href="https://www.businessinsider.in/finance/banks/news/bandhan-bank-share-price-falls-after-reporting-an-80-fall-in-its-net-profit/articleshow/82516642.cms">Bandhan Bank falls 4% after reporting an 80% fall in its net profit – positive market trends help it bounce back into the green</a>

Petrol and diesel prices go up for the sixth time in May, crosses ₹100-mark in Maharashtra, MP and Rajasthan

<ul><li><keyword id="6367091" type="UNKNOWN" weightage="20" keywordseo="petrol">Petrol</keyword> <keyword id="459" type="ORGANIZATION" weightage="20" keywordseo="price">price</keyword> on Sunday was increased by 24 paise per <keyword id="88122" type="PERSON" weightage="20" keywordseo="Litre">litre</keyword> and <keyword id="6356109" type="UNKNOWN" weightage="20" keywordseo="diesel">diesel</keyword> by 27 paise.</li><li>Rates had already crossed ₹100-mark in several cities in Rajasthan, <keyword id="6355554" type="COMPANY" weightage="20" keywordseo="Madhya-Pradesh">Madhya Pradesh</keyword> and <keyword id="13126" type="COMPANY" weightage="20" keywordseo="Maharashtra">Maharashtra</keyword>.</li><li>This is the ninth increase in prices since May 4 when the state-owned oil firms ended an 18-hiatus in rate revision.</li></ul>Petrol price on Sunday was increased by 24 paise per litre and diesel by 27 paise, pushing rates across the country to record highs and that of petrol in Mumbai to near ₹99 a litre. The increase led to rates in Delhi climbing to ₹92.58 per litre and diesel to ₹83.22, according to a price notification of state-owned fuel retailers. Rates had already crossed ₹100-mark in several cities in Rajasthan, Madhya Pradesh and Maharashtra and with the latest increase, price in Mumbai too was inching towards that level. A litre of petrol in Mumbai now comes for ₹98.88 and diesel is priced at ₹90.40 per litre. Fuel prices differ from state to state depending on the incidence of local taxes such as <keyword id="6370857" type="COMPANY" weightage="20" keywordseo="VAT">VAT</keyword> and freight charges. Rajasthan levies the highest value-added tax (VAT) on petrol in the country, followed by Madhya Pradesh and Maharashtra. This is the ninth increase in prices since May 4 when the state-owned oil firms ended an 18-hiatus in rate revision they observed during assembly elections in states like West Bengal. Sri Ganganagar district of Rajasthan had the costliest petrol and diesel in the country at ₹103.52 per litre and ₹95.99 a litre, respectively. In nine increases, petrol price has risen by ₹2.19 per litre and diesel by ₹2.49. Since March last year when the government raised excise duty on fuel to an all-time high, petrol price has increased by a record ₹22.99 per litre (after accounting for a handful of occasions when rates fell) and diesel by ₹20.93. Oil companies, which have in recent months resorted to unexplained freeze in rate revision, had hit a pause button after cutting prices marginally on April 15. This coincided with electioneering hitting a peak to elect new governments in five states including West Bengal. No sooner had voting ended, oil companies indicated an impending increase in retail prices in view of firming trend in international oil markets. Central and state taxes make up for 60 per cent of the retail selling price of petrol and over 54 per cent of diesel. The union government levies ₹32.90 per litre of excise duty on petrol and ₹31.80 on diesel. SEE ALSO: <a href="https://www.businessinsider.in/cryptocurrency/news/after-ditching-bitcoin-elon-musk-is-now-working-on-making-dogecoin-efficient/articleshow/82628521.cms">After ditching Bitcoin, Elon Musk is now working on making Dogecoin efficient</a> <a href="https://www.businessinsider.in/cryptocurrency/news/four-reasons-why-cryptocurrency-ethereum-has-been-on-a-bull-run/articleshow/82606761.cms">Four reasons why cryptocurrency Ethereum has been on a bull run</a> <a href="https://www.businessinsider.in/science/health/news/covid-19-a-couple-from-chennai-has-come-up-with-this-innovation-of-a-surgical-mask-vending-machine-/articleshow/82605058.cms">Even small initiatives during a pandemic can help save a thousand lives, these people are doing their bit</a>

Petrol and diesel prices hiked again by 24 paise and 27 paise per litre, petrol reaches ₹99 a litre in Mumbai

<ul><li><keyword id="6367091" type="COMPANY" weightage="20" keywordseo="petrol">Petrol</keyword> and <keyword id="6397171" type="UNKNOWN" weightage="20" keywordseo="diesel-prices">diesel prices</keyword> on Monday hit record highs across the country after rates were increased for the fifth time in a week, following which <keyword id="13126" type="COMPANY" weightage="20" keywordseo="Maharashtra">Maharashtra</keyword> joined <keyword id="6355588" type="COMPANY" weightage="20" keywordseo="rajasthan">Rajasthan</keyword> and Madhya Pradesh.</li><li>Petrol price was hiked by 26 paise a litre and diesel by 33 paise per litre, according to a price notification by state-owned fuel retailers.</li></ul>Petrol and diesel prices on Monday hit record highs across the country after rates were increased for the fifth time in a week, following which Maharashtra joined Rajasthan and Madhya Pradesh in the league of states where petrol rates breached the ₹100-a-litre mark. Petrol price was hiked by 26 paise a litre and diesel by 33 paise per litre, according to a price notification by state-owned fuel retailers. This was the fifth increase in prices since May 4, when the state-owned oil firms ended an 18-hiatus in rate revision during assembly elections in states like West Bengal. The increase took petrol and diesel prices to their highest-ever level. In <keyword id="66" type="LOCATION" weightage="20" keywordseo="Delhi">Delhi</keyword>, petrol now comes for ₹91.53 per litre and diesel is priced at ₹82.06 per litre. While petrol prices had crossed the ₹100-mark in some places in Rajasthan and Madhya Pradesh a few days back, Maharashtra's Parbhani joined the league on Monday. Petrol in Parbhani was priced at ₹100.20 a litre, while in Bhopal it came for ₹99.55 a litre. The fuel is sold at ₹102.42 a litre in Sri Ganganagar district of Rajasthan and at ₹102.12 in Anuppur of Madhya Pradesh. This is the second time this year that rates in some parts have crossed the ₹100-a litre mark. Rates had breached the physiological mark for the first time in mid-February. Fuel prices differ from state to state depending on the incidence of local taxes such as <keyword id="6370857" type="COMPANY" weightage="20" keywordseo="VAT">VAT</keyword> and freight charges. Rajasthan levies the highest value-added tax (VAT) on petrol in the country, followed by Madhya Pradesh. In five increases in the last one week, petrol price has risen by ₹1.14 per litre and diesel by ₹1.33 - more than neutralising all of the reduction that came between March 24 and April 15. After raising petrol price by a record ₹21.58 per litre and diesel by ₹19.18 since the government raised excise duty to an all-time high in March last year, state-owned fuel retailers, <keyword id="6354733" type="COMPANY" weightage="20" keywordseo="ioc">IOC</keyword>, BPCL and <keyword id="6362419" type="COMPANY" weightage="20" keywordseo="hpcl">HPCL</keyword> had reduced petrol price by 67 paise a litre and diesel by 74 paise per litre effected between March 24 and April 15. Oil companies, who have in recent months resorted to unexplained freeze in rate revision, had hit a pause button after cutting prices marginally on April 15. This coincided with electioneering hitting peak to elect new governments in five states including West Bengal. No sooner had voting ended, oil companies indicated an impending increase in retail prices in view of firming trends in international oil markets. They said prices have been on a continuous uptrend since April 27, crude oil price is hovering near USD 70-per-barrel mark. Central and state taxes make up for 60 per cent of the retail selling price of petrol and over 54 per cent of diesel. The union government levies ₹32.90 per litre of excise duty on petrol and ₹31.80 on diesel. In Mumbai, the petrol price was hiked to ₹97.86 a litre on Monday from ₹97.61, while diesel rates were increased to ₹89.17 from ₹88.82, the price notification showed. SEE ALSO: <a href="https://www.businessinsider.in/business/news/this-ev-startup-mobycy-went-from-solving-last-mile-commute-to-delivery/articleshow/82513392.cms">It took one pivot and five years for this EV startup founder to hit the sweet spot for business in India</a> <a href="https://www.businessinsider.in/science/health/article/if-you-are-feeling-anxious-and-overwhelmed-by-the-pandemic-and-the-news-around-it-here-are-a-few-ways-to-calm-yourself-down/articleshow/82494658.cms">If you are feeling anxious and overwhelmed by the pandemic and the news around it, here are a few ways to calm yourself down</a>

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