Fuel prices continue to hit record high, petrol price nears Rs 90-mark (File Photo)
Fuel prices on Sunday (September 23) continued to shoot high as petrol was marked at Rs 82.61 per litre in Delhi, increasing by Rs 17 paise, while diesel was up by Rs 10 paise to Rs 73.97 per litre in the national capital. Whereas, the revised prices of petrol and diesel in Mumbai stood just below the Rs 90 mark at Rs 89.97, increasing by 17 paise per litre while diesel was priced at Rs 78.53 per litre, increasing by 11 paise.
“Petrol & Diesel prices in #Delhi are Rs.82.61 per litre & Rs.73.97 per litre, respectively. Petrol & Diesel prices in #Mumbai are Rs.89.97 per litre & Rs.78.53 per litre, respectively,” News Agency ANI reported on Sunday.
Petrol & Diesel prices in #Delhi are Rs.82.61 per litre & Rs.73.97 per litre, respectively. Petrol & Diesel prices in #Mumbai are Rs.89.97 per litre & Rs.78.53 per litre, respectively. pic.twitter.com/NZ6dNOVgDO— ANI (@ANI) September 23, 2018
Petrol prices are on a constant rise since the start of the calendar year, especially since August 16. However, fuel prices in the national capital are at lowest due to lower sales tax or VAT, while Mumbai has the highest VAT on petrol.
Fuel prices are witnessing continuous hike owing to a drop in rupee value and rise in crude oil price. The small revisions of 10-20 paise on a regular basis have added up to a big hike in last couple of months. Almost half of the retail selling price of the two fuels is made up of central and state taxes.
Earlier, the Narendra Modi-led government had assured that the hike is temporary, however, no significant steps have been adapted so far to stop it.
The new prices have been made effective from 6 am on September 23, 2018.