Up for 16th straight day, fuel prices hits new high

Petrol Price

New Delhi, May 29: Fuel prices continue to hit a new high for the 16th consecutive day, with petrol being sold at Rs 78.43 per litre in Delhi and Rs 86.24 per litre in Mumbai.

The cost of diesel per litre has also been hiked to Rs 69.31 per litre in Delhi and Rs 73.79 a litre in Mumbai.

In the meantime, the Indraprastha Gas Limited (IGL) on Monday announced an increase in the prices of Compressed Natural Gas (CNG) in the national capital and nearby areas, comprising Noida, Greater Noida and Ghaziabad as a result of the recent appreciation of dollar and revision in proportions of domestic gas allocation.

CNG has increased by Rs 1.36 per kg in Delhi and Rs 1.55 per kg in Noida, Greater Noida, and Ghaziabad.

As per news agency ANI, All India Trinamool Congress (TMC) MP Abhishek Banerjee is expected to stage a protest against the fuel price hike at noon at Gandhi Murti in Kolkata.

Yesterday, West Bengal CM Mamata Banerjee urged Prime minister Narendra Modi-led government at centre to “act” on the surge in domestic petrol prices. She had said agriculture and the common people were suffering because of the continuous hike.

As the central government 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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