Petrol inches towards Rs 91 per litre in Mumbai, nears Rs 84 in Delhi

Petrol Price

New Delhi, Sep 28 : Fuel prices continued to rise across the country on September 28 as Petrol has reached Rs 92 in districts of Maharashtra, while the price of petrol in Mumbai increased by 22 paise to Rs 90.57 per litre, while that of diesel rose by 19 paise to Rs 79.01 per litre.

The incrase in fuel prices have caused high inflation.

In Delhi: Petrol Rs 83.22, up 22 paise; diesel Rs 74.42, up 18 paise;Chennai: Petrol Rs 86.51, up 23 paise; diesel Rs 78.69, up 20 paise;Kolkata: Petrol Rs 85.03, up 21 paise; diesel Rs 76.27, up 18 paise

The BJP-led Maharashtra government said the state would lose Rs 2,200 crore of revenue per year if it slashes prices of petrol and diesel by Rs 1 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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