Fuel on the rise again, Petrol touches Rs 81 a litre in Delhi, Rs 88.39 in Mumbai

petrol, diesel, fuel price, Petroleum and Natural Gas Minister, Dharmendra Pradhan, Organization of the Petroleum Exporting Countries, OPEC, Goods and Services Tax, GST,

Fuel prices rose again on Thursday, after a quiet Wednesday, with petrol price at Rs 81.00 per litre and diesel at Rs 73.08 per litre in the national capital. The dubious distinction of having the highest petrol price goes to Maharashtra’s Parbhani town, where it has crossed the Rs 90 mark.

The price of petrol increased by 13 paise per litre, while diesel saw a hike of 11 paise per litre, as compared to Tuesday’s prices in New Delhi.

In Mumbai, petrol and diesel have touched a new high of Rs 88.39 and Rs 77.58 per litre respectively. Prices are the steepest in Maharashtra and the lowest in Andaman and Nicobar islands due to variations in the central excise duty, state taxes and transportation costs.

Among major cities, petrol is the most expensive in Mumbai, where it costs Rs 88.26. In Parbhani, 500 km away from Mumbai, the price has crossed the Rs 90 mark at Rs 90.02.

The union government has made it clear that it is not contemplating a cut in the central excise duty on petrol and diesel. The government reiterated that continuous increase is due external factors – rising global crude prices and devaluation of the rupee.

ALSO READ: Fuel prices continue upward march; petrol in Delhi stands at Rs 80 mark

This week three state governments have reduced taxes , local sales tax or VAT, on petrol and diesel one after the other in three days – West Bengal, Rajasthan and Andhra Pradesh – to provide a reprieve to the common man. Karnataka has indicated that it may follow these states.

 

On Wednesday, the Cabinet Committee on Economic Affairs raised the procurement price of ethanol derived from 100 per cent sugarcane juice to Rs 59.13 per litre from the current rate of Rs 47.13, Oil Minister Dharmendra Pradhan told a news conference. Ethanol so extracted would be doped in petrol to cut reliance on imports.

As per the Indian Oil Corporation, petrol was being sold at Rs 80.87 and diesel at Rs 72.97 per litre in the national capital on Tuesday, while in Mumbai, petrol and diesel were being sold at Rs 88.26 and Rs 77.47 per litre respectively.

ALSO READ: Fuel prices continue to poke hole in the pocket; petrol breaches Rs 80/litre mark…

On Monday, the commuters in New Delhi paid Rs 80.73 to get a litre of petrol and for diesel Rs 72.83. On Sunday, Delhites were charged Rs 80.50 for a litre of petrol while diesel was sold for Rs 72.61 per litre.

In Mumbai, the financial capital, people had to shell out Rs Rs 88.12 for a litre of petrol and Rs 77.32 for diesel per litre on Monday. On Sunday, the petrol was bought for Rs 87.89 per litre while diesel Rs 77.09.

 

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