New Delhi: Fuel prices on Monday witnessed a hike for the sixth time in a week as the price of petrol in Delhi touched close to Rs 100 per litre. Petrol price in Delhi has been increased by 30 paise and will be retailed at Rs 99.41 per liter, while diesel will cost Rs 90.77, an increase of 35 paise from Sunday, according to a price notification from state fuel retailers.
Read also: India seeks release of fishermen and fishing boats from Sri Lankan custody
The price of petrol and diesel in Mumbai is Rs 114.19 and Rs 98.50 per liter, while in Chennai the price of petrol and diesel is Rs 105.18 and Rs 95.33 respectively. Petrol in Kolkata will now cost Rs 108.85 and diesel Rs 93.92 per liter.
The revised rates of petrol in Kolkata are Rs 108.85 and that of diesel is Rs 93.92. Petrol in Bengaluru is being sold at Rs 104.78 and diesel at Rs 89.02 per litre.
Fuel rates vary from state to state depending on local taxation events. On the first four occasions, fuel prices saw the sharpest increase of 80 paise per liter since the daily price revision was introduced in June 2017. On Sunday, the price of petrol was increased by 50 paise per liter and diesel by 55 paise.
Meanwhile, the Congress on Sunday hit out at the BJP government over the hike in fuel prices and demanded that it account for the Rs 26 lakh crore “earned” through excise duty on petrol and diesel in almost eight years.
Congress’s chief spokesperson Randeep Surjewala tweeted in Hindi and said, ‘I will tell with all my might – earned a profit of Rs 26,00,000 crore by looting tax on petrol / diesel in eight years. The elections remained silent for 137 days to cheat the voters and looted Rs 3.75 per liter in six days.
Surjewala also posted an old video of Prime Minister Narendra Modi purporting to attribute his luck to the reduction in petrol prices by the opposition.
A sharp rise in crude oil prices in the international markets could lead to a rise in fuel prices. This will have a spiraling effect on the prices of other commodities and will put under inflationary pressures and hurt growth.
(with PTI inputs)