The petrol prices in Delhi too crossed Rs80/litre mark with petrol selling at Rs 80.38/litre in the national capital
Fuel prices across India touched fresh highs on Saturday with the petrol price hiked by 38 paise and diesel price by 47 paise in Mumbai.
Petrol & Diesel prices in #Delhi are Rs 80.38 per litre & Rs 72.51 per litre, respectively today. Locals say 'The price hike is scary for common man. If the prices go up with this speed then the situation can become worse in the coming days. Govt should think about it.' pic.twitter.com/8pFz7ep7mt
— ANI (@ANI) September 8, 2018
As per the IOCL website, petrol is selling at Rs 80.38/litre, while diesel price has been revised to Rs 72.51/litre in Delhi.
In Chennai, where the petrol prices have also breached Rs80/litre mark, the petrol price touched fresh highs at Rs 83.54/litre on September 8 after seeing a 41 paise hike. Similarly, diesel price was up 47 paise to Rs 76.64/litre.
Petrol & Diesel prices in #Delhi are Rs.80.38 per litre & Rs.72.51 per litre, respectively. Petrol & Diesel prices in #Mumbai are Rs.87.77 per litre & Rs.76.98 per litre, respectively. pic.twitter.com/WjRGRg3c4W— ANI (@ANI) September 8, 2018
Petrol is selling at Rs 83.27/litre in Kolkata after a 39 paise hike on Friday. The cost of diesel increased by 44 paise to Rs 75.36/litre.
Fuel prices have been on a rise since mid-August, rising almost every day due to a combination of a drop in the dollar-rupee and rise in crude oil prices. The Opposition has been calling for a cut in excise duty to cushion the spike in fuel prices.
However, the Centre remains non-committal on cutting excise duty, citing volatile international oil prices."There is no straight line movement in global crude oil prices. In April and May, there was a lot of pressure. In June, they came down. In July, they came down and in August, there is again (an upward) movement. In last two days, there has been some moderation. For six days before that, there was again," Finance Minister Arun Jaitley had said on September 5.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.