Domestic fuel prices continued to scale new heights, while rates were not changed on Wednesday, a 6 paise per litre hike in petrol price was seen on Thursday, according to ANI. While on the other hand, the diesel price remained unchanged. Now petrol in Mumbai costs Rs 89.60 per litre and diesel Rs 78.42 in Mumbai.
Petrol in Delhi now costs Rs 82.22 per litre and diesel is priced at Rs 73.87 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 fuel prices since mid-August. Petrol price has since risen by Rs 5.02 per litre and diesel by Rs 5.15 — the most in any one-month period since the daily revision in fuel prices was introduced in June last year.
