Fuel prices hiked again, Petrol to breach Rs 90 a litre in Mumbai

Petrol Price

Mumbai, Sep 17 : Fuel prices continue to rise  and there is no sign of relief for the people across the country as in financial capital Mumbai, petrol went up by 19 paise to Rs 89.48 while diesel was increased 9 paise to Rs 78.33 on Monday.

Petrol reached Rs 82.06 per litre in Delhi, 15 paise up from Sunday, while diesel surged 6 paise to Rs 73.78 per litre.

In Chennai, petrol reached Rs 86.37 while diesel was priced at 78.99.

In Kolkata, petrol was priced at Rs 84.20 and diesel at Rs 75.90 per litre. Petrol has already crossed the Rs 90 mark in two districts of Maharashtra.

The Congress led Opposition has  been attacking the Modi government over the escalating fuel prices and also observed Bharat Bandh  on account of the consistent rise in fuel prices and urged the government to take necessary steps to reduce citizens’ woes.

Congress spokesperson Abhishek Singhvi on Sunday said during the UPA, international crude oil prices hovered around $130 per barrel and still, the prices were low, but now when the crude oil prices are around half, the prices of petrol and diesel are touching an all-time high.

Prime Minister Narendra Modi chaired  a meeting to review the economic situation  and discussed fiscal deficit targets and steps to contain the widening current account deficit (CAD) and the falling value of rupee against the dollar but how to reduce fuel prices was not discussed.

Prices of petrol and diesel vary from one city to another because of differences in local sales tax or VAT (Value Added Tax) and transportation cost.
Delhi has the cheapest fuel rates among all metros and most state capitals because of lower taxes. Mumbai has the highest sales tax or VAT.

However, the Centre has maintained that external factors, including a rise in international crude oil prices, are influencing domestic fuel prices.

 

 

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