Fuel prices surges for 15th day, touches Rs 86.08 in Mumbai

Petrol Price

New Delhi, May 28: Fuel prices continue to set a new high for the 15th consecutive day, with the key transportation petrol being sold at Rs 86.08 in Mumbai.

Accotrding to Indian Oil Corporation (IOCL), revised petrol prices in metropolitan cities are- Delhi: Rs 78.27 per litre; Mumbai: 86.08; Kolkata: 80.76 and Chennai: 81.11.

In the meantime, the cost of diesel per litre has also been hiked and the revised prices in Delhi are – Rs 69.17 and Mumbai Rs 73.64 per litre.

As the Centre has come under a cloud because of increasing fuel rates, Union Petroleum and Natural Gas Minister Dharmendra Pradhan earlier assured the public that the government will soon take out a solution to tackle the situation.

He further cited that less production of oil in the Organization of the Petroleum Exporting Countries (OPEC) and hike in crude oil price in the international market are some of the factors affecting the fuel price.

Last month, Pradhan had said the Centre and the state governments have been considering bringing the petroleum products under the cap of Goods and Services Tax.

However, despite continuous hike yet there is no solution has been offered by the Central government.

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