Fuel prices raised again: Petrol at Rs 90.22 in Mumbai, Rs 82.86 in Delhi

Business Standard : The price of diesel also rose in tandem with petrol; it is now being sold at Rs 74.12 a litre in Delhi.

Petrol and diesel prices continued their upward march on Tuesday to touch a new high in many cities across the country.

A day after touching the Rs 90 mark in Mumbai, petrol was up by 14 paise in Delhi and Mumbai to be priced at Rs 82.86 and Rs 90.22 per litre, respectively.

The price of diesel also saw a similar hike and it is now being sold at Rs 74.12 per litre in Delhi. In Mumbai, the fuel is priced at Rs 78.69 per litre.

The Opposition on Monday continued its protest against rising fuel prices. As petrol prices hit the Rs 90-a-litre mark in Mumbai, the Maharashtra Congress held a protest in the city asking Chief Minister Devendra Fadanvis to bring down taxes in the state.

"States like Andhra Pradesh, Karnataka, West Bengal and Rajasthan have already reduced taxes on fuel. Why can Chief Minister Devendra Fadnavis not follow suit and reduce people's misery," city party President Sanjay Nirupam said.

He pointed out that the direct consequence was the galloping inflation, with prices of FMCGs, fruit and vegetables, oils and electrical items shooting up at the height of the festival season.

Fuel prices in India are revised daily, mainly on the basis of oil prices in the international market.

On Monday, crude oil prices jumped more than 2 per cent to a four-year high after Saudi Arabia and Russia ruled out any immediate increase in production despite calls by US President Donald Trump for action to raise global supply.

Benchmark Brent crude hit its highest since November 2014 at $80.94 per barrel, up $2.14 or 2.7 per cent.

Petrol and Diesel Price Hike: After six days of consecutive hikes, rising fuel prices come to a halt

West Bengal Chief Minister Mamata Banerjee on Tuesday announced that her government will reduce the state tax on petrol and diesel by Re 1 per litre.

It was on Wednesday last week (September 5) that petrol and diesel prices did not see a hike after a back to back increase since August 26. From September 6 onwards, fuel prices continued with the upward run on a daily basis and again it's on Wednesday today that Petrol and diesel prices have come to a halt after six days of a continuous hike.

Petrol costs Rs 80.87/litre in Delhi and Rs 88.26/litre in Mumbai, Rs 88.26/litre in Kolkata and Rs 84.05/litre in Chennai.

Similarly, diesel remains at Rs 72.97/litre in Delhi, Rs 75.82/litre in Kolkata, Rs 77.47/litre in Mumbai and Rs 77.13/ litre in Chennai as September 12.

Petrol prices on Tuesday had touched Rs 90.11 per litre in Maharashtra's Parbhani. Diesel prices had also increased from Rs 77.92 on Monday to Rs 78.06 on Tuesday.

At least 20 Opposition parties led by Congress staged a Bharat Bandh across the country on Monday to protest against the rising fuel prices and falling value of the rupee.

ALSO READ: Fuel on Fire: Indian states make a killing on taxes as citizens suffer

Opposition parties like the Janata Dal-Secular (JD-S), Samajwadi Party (SP), Bahujan Samaj Party (BSP), Dravida Munnetra Kazhagam (DMK), Rashtriya Janata Dal (RJD), Nationalist Congress Party (NCP) and Maharashtra Navanirman Sena (MNS), led by the Congress party, took part in the protests. Left parties staged a separate shutdown of their own.

Other parties such as Trinamool Congress, Aam Admi Party and Biju Janata Dal voiced their concerns over the price hike, however, they stayed away from the street protests called by the Congress.

Meanwhile, Rajasthan government announced a 4 per cent cut in the state VAT on petrol and diesel on Sunday to reduce their prices by Rs 2.5 per litre in the state, while Andhra Pradesh government on Monday announced a reduction of tax on petrol and diesel by Rs 2 a litre, to reduce the burden on common caused by zooming fuel prices. Similarly, West Bengal Chief Minister Mamata Banerjee on Tuesday announced that her government will reduce the state tax on petrol and diesel by Re 1 per litre.

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Petrol at Rs 80.87, diesel at Rs 72.97 in Delhi after a 14 paise hike today

At least 20 Opposition parties led by Congress staged a Bharat Bandh across the country on Monday to protest against the rising fuel prices and falling value of the rupee.

Petrol and diesel prices saw a hike for the sixth straight day on Tuesday as oil marketing firms again revised fuel prices across the country. Petrol prices were hiked by 14 paise in both Delhi and Mumbai, while diesel saw an increase of 14 paise in Delhi and expanded by 15 in Mumbai.

Petrol now costs Rs 80.87 per litre, up from Rs 80.73, in Delhi and Rs 88.26 per litre, up from Rs 88.12, in Mumbai. Similarly, Diesel prices have been increased from Rs 72.83 to Rs 72.97 per litre in Delhi and from Rs 77.32 to Rs 77.47 in Mumbai.

Rising fuel prices in the country have been an issue of friction between the government and the opposition parties for the past couple of days.

Opposition parties are demanding a cut in the excise duty on petrol and diesel and bringing fuel under the ambit of GST.

At least 20 Opposition parties led by Congress staged a Bharat Bandh across the country on Monday to protest against the rising fuel prices and falling value of the rupee.

Opposition parties like the Janata Dal-Secular (JD-S), Samajwadi Party (SP), Bahujan Samaj Party (BSP), Dravida Munnetra Kazhagam (DMK), Rashtriya Janata Dal (RJD), Nationalist Congress Party (NCP) and Maharashtra Navanirman Sena (MNS), led by the Congress party, took part in the protests. Left parties staged a separate shutdown of their own.

ALSO READ: Closed chapter: Bandhs are no longer a useful protest technique

Other parties such as Trinamool Congress, Aam Admi Party and Biju Janata Dal voiced their concerns over the price hike, however, they stayed away from the street protests called by the Congress.

Later, amid the constant rise in the prices of petrol and diesel, BJP president Amit Shah on Monday met Oil Minister Dharmendra Pradhan, PTI reported.

Meanwhile, Rajasthan government announced a 4 per cent cut in the state VAT on petrol and diesel on Sunday to reduce their prices by Rs 2.5 per litre in the state, while Andhra Pradesh government on Monday announced a reduction of tax on petrol and diesel by Rs 2 a litre, to reduce the burden on common caused by zooming fuel prices.

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Petrol inches close to Rs 81 a litre in Delhi after 5th straight price hike

While Opposition parties led by the Congress have called for a 'Bharat Bandh' to protest the rising fuel prices in the country, Left parties have announced a separate shutdown of their own.

Bharat Bandh : Adding to the woes of the common man, petrol and diesel prices were again raised on Monday, a fifth straight day of price hike in as many days by oil marketing companies. In Delhi, petrol continued its upward march in the previously uncharted territory of above the Rs 80 mark -- the price was raised by 23 paise a litre on Monday to Rs 80.73. The price of petrol in Delhi crossed the Rs 80 mark for the first time on Saturday, September 8.

Similarly, petrol prices in Mumbai were raised by 22 paise to Rs 88.12 a litre.

Another key transport fuel, diesel, also witnessed a similar hike of 22 paise in Delhi and 23 paise in Mumbai. Diesel now costs Rs 72.83 a litre and Rs 77.32 in Delhi and Mumbai, respectively.

Opposition parties like the Janata Dal-Secular (JD-S), Samajwadi Party (SP), Bahujan Samaj Party (BSP), Dravida Munnetra Kazhagam (DMK), Rashtriya Janata Dal (RJD), Nationalist Congress Party (NCP) and Maharashtra Navanirman Sena (MNS), led by the Congress party, have called for a 'Bharat Bandh' to protest the rising fuel prices in the country. Left parties have announced a separate shutdown of their own.

Other parties such as Trinamool Congress, Aam Admi Party and Biju Janata Dal have voiced their concerns over the price hike, however, they have stayed away from the street protests called by the Congress.

Congress leaders Sushil Kumar Shinde, Rajiv Satav and Amit Chavda in a press conference in Ahmedabad said that the Modi government pocketed Rs 11 trillion from the public by raising taxes on fuel and not including petrol and diesel under GST.

"The government has the power to reduce prices. It appears the government lacks coordination with oil companies which has resulted in the rise in prices of petrol, diesel and cooking gas on a daily basis," Shinde said.

Meanwhile, Rajasthan Chief Minister Vasundhara Raje announced a 4 per cent cut in the state value-added tax (VAT) on petrol and diesel on Sunday to reduce their prices by Rs 2.5 per litre in the state. VAT on petrol would be reduced from 30 to 26 per cent and on diesel from 22 to 18 per cent, Raje announced at a public meeting.

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Petrol, diesel prices up by around 50 paise: Check rates in Delhi, Mumbai

Opposition parties will launch nationwide strikes and protests next week over record-high petrol and diesel prices.

Petrol and diesel prices reached a new unprecedented level on Friday after oil marketing companies announced a sharp hike on Friday.

In Delhi, petrol rose 48 paise to be sold at Rs 79.99 per litre. With a similar hike, petrol in Mumbai is priced at Rs 87.39 per litre.

Diesel prices saw an even bigger hike on Friday. While in Delhi, prices rose by 52 paise, in Mumbai, the rates went up by 55 paise.

The fuel is retailing at Rs 72.07 and Rs 76.51 per litre in Delhi and Mumbai respectively.

Except for a halt on Wednesday, petrol and diesel rates have gone up every day since 26 August. Overall, petrol and diesel prices have gone up by Rs 2.32 and Rs 2.75 respectively in Delhi, since then.

Opposition parties will launch nationwide strikes and protests next week over record-high fuel prices.

ALSO READ: Govt rules out excise duty cut, even as petrol prices hit Rs 79.15 in Delhi

The Congress has accused the government of "fuel loot" that it said had raised Rs 11 trillion ($152 billion) for the exchequer since Modi came to power in 2014.

"The mismanagement of the economy has led to high fuel prices," senior Congress leader Ashok Gehlot said. "When fuel prices were rising during (the previous government), taxes were reduced to take the burden off people."

Congress said all "like-minded opposition parties" had agreed to join the protest to demand fuel price cuts. The parties called for a general strike and demonstrations across the country.

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Petrol prices cut for sixth straight day: Here's what you pay in top cities

Petrol now costs Rs 75.55 per litre in Delhi, down from Rs 75.69 on Monday.

Fuel prices were lowered for a sixth consecutive day on Tuesday. While petrol prices fell by up to 14-18 paise in the four metro cities, diesel prices were down by 10-14 paise.

According to the prices announced by Indian Oil Corp (IOC), petrol was being sold at Rs 75.55 per litre in Delhi, down from Rs 75.69 on Monday. Diesel prices in the national capital were down 10 paise to Rs 67.38 a litre.

In Mumbai, petrol now costs Rs 83.12 a litre and diesel Rs 71.52 a litre. On Monday, petrol and diesel in Mumbai were priced at Rs 83.30 and Rs 71.66 a litre, respectively.

The price of petrol in other major cities are Rs 78.23 in Kolkata and Rs 78.40 in Chennai. The revised diesel price stands at Rs 69.93 in Kolkata and Rs 71.12 in Chennai.

Here are the prices of non-branded petrol across the country (Rs/litre), applicable from 6:00 am June 26:

Bangalore: Rs 76.77
Bhopal: Rs 81.14
Bhubaneswar: Rs 74.38
Chandigarh: Rs 72.66
Dehradun: Rs 77.07
Gandhinagar: Rs 74.87
Gangtok: Rs 78.65
Guwahati: Rs 77.66
Hyderabad: Rs 80.03
Imphal: Rs 73.69
Jaipur: Rs 78.27
Jalandhar: Rs 80.73
Lucknow: Rs 76.56
Patna: Rs 81.04
Pondicherry: Rs 74.37
Raipur: Rs 75.97
Ranchi: Rs 75.72

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