Free Press Journal

Fuel Price Hike: Petrol at all-time high in Mumbai at Rs 89.01 per litre, diesel Rs 78.07


petrol price hike, petrol price, K R Sudhaman, GDP, economy

Fuel prices on Saturday scaled new highs as rates were again increased. Petrol price was increased by 35 paise and diesel rates went up by 24 paise. So petrol in Mumbai now costs Rs 89.01 per litre and diesel is priced at Rs 78.07 a litre.

In Delhi petrol is retailed at Rs 81.63 per litre, and diesel at Rs 73.54 per litre. Delhi has the cheapest fuel rates among all metros and most state capitals because of lower taxes. Mumbai has the highest sales tax or value-added tax (VAT). A combination of a dip in rupee value against the US dollar and rise in crude oil prices has led to a spike in pump prices since mid-August. Petrol price has since risen by Rs 4.20 per litre and diesel by Rs 4.53 – the most in any one-month period since the daily revision in fuel prices was introduced in June last year.

(Inputs from Agencies)