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Fuel rates continue to skyrocket in India

By Newsd
Published on :
Congress flays Modi govt over excise duty on petroleum products
Source: News Nation

The prices of petrol and diesel have been skyrocketing since July in the country. The petrol price has increased by 8 paise a litre and diesel by 10 paise per litre. In the national capital, the price of petrol has risen by Rs 7.29 since 1 July.

The fuel prices are at their peak in the last three years. In Mumbai, the petrol price is almost touching Rs 80 per litre.

On Tuesday, the prices of petrol were Rs 70.38 per litre, whereas in Mumbai a litre of petrol costs Rs 79.48. In Chennai, the price of petrol is Rs 72.95 while in Kolkata it is Rs 73.12.

In September, on an average, the petrol price has gone up by almost 1.53-1.80 % while that of diesel by 2.78-2.96 %.

From mid-June onwards, the major oil companies decided to revise petrol and diesel prices on a daily basis. Before that, the prices used to be revised fortnightly. The government has excluded petrol and diesel from the ambit of GST, however, petroleum products will still attract state and central levies such as excise duty and VAT.


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