Petrol prices continue to rise; Rs 89.80 in Mumbai

Irving Hamilton
September 23, 2018

Fuel prices across the country have been scaling new heights since 31st August on the back of volatility in the global oil market and a depreciating Rupee against the dollar.

Petrol prices continued the upward movement across the metro cities on Saturday with the cost inching closer to the Rs 90-per-litre mark in Mumbai.

The price of petrol in Delhi rose by 10 paise and now stands at Rs 82.32 per litre, according to Indian Oil Corporation (IOC).

Meanwhile, in Mumbai, where the fuel cost is highest due to the highest Value-Added Tax, petrol prices inched up to the psychological Rs 90 a litre-mark and sold at Rs 89.80 per litre.

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Diesel price remained unchanged at Rs 78.42 per litre in Mumbai, Rs 78.10 in Chennai and Rs 75.72 in Kolkata.

Petrol prices have been hiked by Rs 6.01 per litre and diesel prices by Rs 6.05 per litre since 1st August in Delhi. Centre has maintained that global crude oil prices and falling rupee along with worldwide factors are leading to rise in prices of petroleum products.

Earlier this week, the Karnataka government said it will cut petrol and diesel prices by Rs 2 per litre. The reduction came in to effect from September 18.

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