Petrol crosses Rs 91/l, diesel at Rs 80 in Maharashtra

Lloyd Doyle
September 24, 2018

A litre of petrol was being sold in Mumbai at the rate of Rs. 90.08, according to the website of International Olympic Committee, the largest fuel retailer of the country. In the financial capital, Mumbai, petrol price has touched Rs 90.08 per litre, while diesel is being sold at Rs 78.58 per litre - up from 89.97 and 78.53 respectively, data on the Indian Oil Corp's website showed.

Providing no respite to consumers, the prices of petrol and diesel continued to scale new heights on Monday.

While the Opposition has blamed the Union government for not taking enough measures to keep a tab on prices, the latter has maintained that global crude oil prices and other worldwide factors are causing a hike in prices of fuel.

The highest petrol prices logged in various cities included: Nanded Rs 91.61, Amravati Rs 91.31, Ratnagiri Rs 91.14 and Jalgaon Rs 91.01, said Lodh. 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 previous year.

Dealer's commission on petrol now is Rs 3.66 per litre and that on diesel is Rs 2.52. Petrol in Kolkata costs Rs 84.63 per litre and diesel comes for Rs 75.95. 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.

Other reports by Iphone Fresh

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