Petrol, diesel prices unchanged: Check today's rates in Delhi, Mumbai

Petrol and diesel prices have been witnessing a steep rise since the past few weeks.

Petrol and diesel prices were kept unchanged on Wednesday after reaching record levels in the last few days continuously.

As the fuel prices are same as on Tuesday, a litre of petrol continues to cost Rs 90.22 in Mumbai and Rs 82.86 in Delhi. Similarly, diesel continues to be retailed at Rs 74.12 per litre in Delhi and Rs 78.69 per litre in Mumbai.

Keeping the people's suffering in mind, the West Bengal government on September 11 reduced the excise on petrol and diesel by Re 1 per litre each last week. Later, the Karnataka government had also declared that the petrol and diesel prices across the state would be cheaper by Rs 2 per litre each, following the reduction in cess on these fuels.

As per India's pricing mechanism, the domestic fuel prices depend upon the international fuel prices on a 15-day average and the value of the Indian rupee.

Fuel prices have been witnessing a steep rise since the past few weeks. While the Opposition has repeatedly blamed the Union government for not doing enough to keep a check on prices, the latter has always maintained that global crude oil prices and other international factors are causing a hike in prices of petroleum products....Read More

Business Standard

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.