Oct 1 : The Fuel prices continued the upward trend as in Mumbai, petrol is being sold at Rs 91.08 per litre and in Delhi petrol is currently being sold at Rs 83.73 a litre. The price of CNG was hiked by Rs 1.70 per kg in Delhi , Indraprastha Gas Limited (IGL) informed.
Prime Minister Narendra Modi-led Government is turning a deaf ear to the plight of a common man as the high inflation has the ability to throw household budgets out of gear .
Even petroleum products including liquefied petroleum gas (LPG) prices were increased on Sunday. Subsidised cooking gas (LPG) price on Sunday hiked by Rs 2.89 per cylinder to Rs 502.4 per cylinder. The price of non-subsidised LPG at Delhi will increase by Rs 59.00 per cylinder in October 2018 mainly due to change in international price and foreign exchange fluctuations, Indian Oil Corporation (IOC) said in a statement.
The surge in fuel prices and its cascading effect is weighing on farmers and transporters as they will hike prices to recover costs.
Delhi recorded an increase by Rs 0.24 a litre, whereas in Mumbai an increase by Rs 0.30 is borne by the customers.
The increase in the CNG price comes in the wake of a 10 per cent surge in the price of domestic natural gas that was announced by the government on Friday, September 29.
Adding on to the vows of the common man, the prices of Compressed Natural Gas (CNG) was also hiked by Rs 1.70/kg and is now being sold at Rs 44.30/kg.