New Delhi: Petrol price in the national capital closed in on record Rs 88 per litre mark while diesel neared Rs 85 in Mumbai after rates across the country were hiked for the third day in a row on Thursday.
Petrol price was increased by 25 paise per litre and diesel by 30 paise a litre, according to a price notification of state-owned fuel retailers.
This took petrol price to an all-time high of Rs 87.85 a litre in Delhi and to Rs 94.36 in Mumbai.
Diesel rates rose to Rs 78.03 per litre in the national capital and to an all-time high of Rs 84.94 in Mumbai.
Rates vary from state to state depending on the local incidence of taxation (VAT) and freight.
In three days, prices have gone up by 90 paise per litre each.
Oil Minister Dharmendra Pradhan on Wednesday had told Parliament that the government is not considering a reduction in excise duty to cool rates from their record highs.
Rates have risen as international oil prices touched USD 61 per barrel for the first time in more than a year on improving demand outlook amid the global rollout of COVID-19 vaccines, he had said.
Central and state taxes make up for over 61 per cent of the retail selling price of petrol and about 56 per cent of diesel.
Retail petrol rates have risen by Rs 18.26 per litre since mid-March 2020 after the government raised taxes by a record margin to mop up gains arising from fall in international oil prices. Diesel rates have gone up by Rs 15.74. (PTI)
Your email address will not be published. Required fields are marked *
Save my name, email, and website in this browser for the next time I comment.
Indian Legal Lottery Operator Competing for Top British Contract
Ladakh reports 33 new Covid cases
Anti-inflammation drug may effectively treat COVID-19 complications in children: Study
Apple previews new software for iPhone, other gadgets
Rupee falls 13 paise to 73.77 against US dollar in early trade
Rupee advances 10 paise to 73.77 against US dollar in early trade
Rupee slips 11 paise to 73.72 against US dollar in early trade
Rupee surges 15 paise to 73.59 against US dollar in early trade
Rupee falls 34 paise to 73.82 against US dollar in early trade
Download 10Cric Casino app, and enjoy Indias most popular casino games, directly on your mobile!
Gamble with real money online! Play Indias favourite casino games at 7Jackpots.com, Indias most trusted online casino site.
© 2020 State Times Daily Newspaper | Powered by Ideogram Technology Solutions [P] Ltd.