Petrol costs Rs 90.35/litre in Mumbai

Petrol Price

New Delhi, Sep 27 : Fuel prices in the country touched new heights on Thursday morning as petrol price in Mumbai increased by 13 paise per litre on September 27, taking the rate to Rs 90.35 a litre. The price had remained unchanged on September 26.

The price of diesel was also hiked by 13 paise, taking it to Rs 78.82 per litre in the financial capital.

In Delhi, petrol price increased by 14 paise, taking it to Rs 83 per litre. Diesel price also increased by 12 paise in the national capital. The revised price of diesel was Rs 74.24 a litre, according to Indian Oil Corporation (IOC).

In Chennai, the price of petrol reached Rs 86.28 a litre after it was hiked by 15 paise. Diesel price also increased by 13 paise and reached Rs 78.49 per litre.

The West Bengal government on September 11 reduced the excise on petrol and diesel by Re 1 per litre each last week. Similarly, the Karnataka government had also announced that the petrol and diesel prices across the state would be cheaper by Rs 2 per litre each, following the reduction in cess on these fuels.

Since the start of the calendar year, the petrol price in Delhi has gone up by over 15 per cent from Rs 69.97 on January 1, 2018. The hike in diesel price has been even more steep. It has gone up by more than 22 per cent since January 1 when it cost Rs 59.70.

While the Opposition has blamed the Modi government for not doing enough to keep a check on prices, the latter has maintained that global crude oil prices and other international factors are causing a hike in prices of petroleum products.
Meanwhile, Department of Economic Affairs Secretary Subhash Chandra Garg on Friday said that discussions are taking place with the United States regarding reduction of oil imports from Iran.
“We are in talks with the USA and they told us to reduce the import from Iran significantly. We have done that to some extent. As clarity in the situation emerges, steps will be taken accordingly by the government by November 4,” he told .
Garg also said that if needed, discussions will be held on trading of oil in terms of the Indian Rupee.

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