Fuel Price Hike Continues, Petrol Costs Rs 82.72 in Delhi and Rs 88.18 Per Litre in Mumbai Today
Prime Minister Narendra Modi prepares to meet oil company chiefs on Monday to take stock of the global energy scenario over the rising fuel prices.
Mumbai, October 15: Fuel prices continue to rise in national capital Delhi and India's financial capital Mumbai as well as across the country. Petrol and diesel prices in Delhi are Rs 82.72 per litre and Rs 75.46 per litre (increase by Rs 0.08), respectively on Monday. Whereas, petrol and diesel prices in Mumbai are Rs 88.18 per litre and Rs 79.11 per litre (increase by Rs 0.09), respectively in Mumbai. Prime Minister Narendra Modi prepares to meet oil company chiefs on Monday to take stock of the global energy scenario over the rising fuel prices.
A steep hike has been witnessed in the fuel prices since the past few months.
The Opposition has repeatedly blamed the Union Government for not doing enough to keep a check on prices, while the latter has maintained that global crude oil prices and other international factors are causing a hike in prices of petroleum products. Petrol And Diesel Prices Down by Rs 2.50 Per Litre as Centre Cuts Excise Duty by Rs 1.50 Per Litre; OMCs to Reduce Fuel Rate by Re 1 Per Litre.
On October 5, Union Finance Minister Arun Jaitley announced a cut in excise duty by Rs 1.50 a litre. Additionally, the state-owned oil marketing companies have been mandated to reduce the prices of petrol and diesel by Re 1 a litre, which reduced petrol prices by Rs 2.5 across the country. Excise Duty Cut on Petrol, Diesel to Cost Rs 10,500 Crore, Arun Jaitley Asks States to Reduce VAT on Fuel.
Following this, several BJP ruled states also further reduced petrol and diesel prices by Rs 2.50 per litre. But the dynamic pricing has negated the reduction in fuel prices that was announced by finance minister Arun Jaitley, which had initially come as a relief. Petroleum minister Dharmendra Pradhan has maintained that attempts at reducing fuel prices continue to hit a roadblock due to the increasing prices of crude in international market. The unabated rise in the prices of petrol and diesel has become a matter of concern, not just for the people, but also for the government, as the 2019 general elections draw closer.
(The above story first appeared on LatestLY on Oct 15, 2018 08:41 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).