Petrol Price Crosses 90 Rupees In Mumbai, Cheapest In Delhi Among Metros

Petrol diesel prices in Mumbai

In Mumbai, petrol was being retailed at Rs 89.69 per litre and diesel at Rs 78.42 per litre.

Petrol retail rates finally breached the Rs 90 mark in Mumbai by touching Rs 90.08 per litre here on Monday, but stood much higher elsewhere in the state, industry officials said.

According to Indian Oil Corporation (IOC), the largest fuel retailer in India, petrol is retailing at Rs 83.37/litre in Bengaluru, Rs 82.14/litre in Lucknow, Rs 84.54/ litre in Kolkata, Rs 87.70/litre in Hyderabad, Rs 85.17/litre in Guwahati and 85.99/litre in Chennai.

Delhi has the cheapest fuel rates among all metros and most state capitals because of lower taxes. Since mid-August, the petrol price has risen by Rs 5.58 a litre and diesel by Rs 5.3 - the most in any month since the daily price revision was introduced in mid-June a year ago.

More news: NOAA: Tropical Storm Kirk 2018 Projected Path, Spaghetti Models

Notably, the fuel price has been witnessing a steep rise since the past few weeks.

In Delhi, the petrol price touched Rs 82.72 per litre.

The Centre now levies an excise duty of Rs 19.48/litre on petrol and Rs 15.33 per litre on diesel. On Sunday, Kolkata again reached its all-time high price of diesel at Rs 75.82 as recorded on September 11. The government has also ruled out any immediate reduction in excise duty in order to bring down the retail prices of auto fuels, and instead urged the states to take action - cut Value-Added Tax on fuel.

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