Mumbai, March 5: The prices of petrol and diesel are an important factor for the government of the day and the people of the country. The prices of fuel in Mumbai and Delhi have been witnessing a bit of an upsurge in recent days. The prices of petrol and diesel as of March 5, 2019 stand at Rs 77.87 per litre and Rs 70.86 per litre respectively in Mumbai. The price of petrol in Mumbai has seen an increase of Rs 0.07 and diesel of Rs 0.07 as well compared to Monday, March 4. Excise Duty Cut on Petrol, Diesel to Cost Rs 10,500 Crore, Arun Jaitley Asks States to Reduce VAT on Fuel.

Whereas the prices of petrol and diesel in national capital Delhi is Rs 72.17 per litre and Rs 67.64 per litre respectively. Petrol has seen a rise of Rs 0.10 and diesel of Rs 0.07 compared to Monday, March 4.

In Kolkata, a litre of petrol costs Rs 74.33 whereas a litre of diesel costs Rs 69.43. Petrol has risen by Rs 0.07 and diesel has seen a surge of Rs 0.10 per litre as compared to Monday, March 4.

The price of petrol and diesel in Chennai is Rs 75.02 and Rs 71.49 per litre. This marks an increase of Rs 0.07 in petrol and Rs 0.07 in price of diesel compared to Monday, March 4.

The rates of petrol and diesel in India are revised every day. The prices of petrol and diesel are revised at 06:00 am every day. What this does to the pricing of petrol and diesel in India is that even a minute’s variation in global oil prices affects fuel prices.

(The above story first appeared on LatestLY on Mar 05, 2019 05:16 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).