Petrol Price hiked in Mumbai and Delhi

Petrol Price

Mumbai, Oct 7 : Petrol prices surged again on Sunday, days after the BJP-led Central government cut excise duty on the transportation fuel.

Petrol and Diesel prices in Delhi are Rs 81.82 per litre (increase by Rs 0.14) and Rs 73.53 (increase by Rs 0.29).

While Petrol and Diesel prices in Mumbai are Rs 87.29 (increase by Rs 0.14) and Rs 77.06 (increase by Rs 0.31), respectively.

The prices vary from region to region due to local taxes, as the product is excluded from the GST regime. Delhi has the lowest tax rate among the four metro cities.

The increase in transport fuel rates comes amid a continuous surge in crude oil prices. On Friday, the Brent crude was priced at over $84 per barrel.

On Thursday, Finance Minister Arun Jaitley announced a cut in excise duty by Rs 1.50 a litre. Additionally, the state-owned oil marketing companies (OMCs) have been mandated to reduce prices of petrol and diesel by Re 1 a litre.

In tandem with petrol, the cost of diesel rose on Saturday except in Mumbai, where it eased by Rs 1.70.

On Saturday, the diesel price in Mumbai was at Rs 76.75 from its previous price of 77.45 on Friday.

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