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Petrol price crosses Rs 77 in Delhi, Diesel at new highs

New Delhi: Petrol and diesel prices registered new record highs in Delhi and Mumbai on Wednesday. While petrol price in Delhi crossed Rs 77 per litre for the first time ever, in Mumbai, the price was just 1 paisa away from Rs 85 per litre.

Wednesday also marked the tenth straight day of hikes in Delhi, Mumbai, Kolkata and Chennai, among other cities, in range of 14-34 paise a litre in case of petrol and 21-31 paise a litre in diesel. The government may soon announce measures to contain the rising fuel prices soon.

With effect from 6 am on Wednesday, petrol prices were at Rs 77.17 a litre in Delhi, Rs 79.83 a litre in Kolkata, Rs 84.99 per litre in Mumbai and Rs 80.11 per litre in Chennai, according to Indian Oil Corporation.

Diesel prices were at Rs 68.34 a litre, Rs 70.89 a litre, Rs 72.76 a litre and Rs 72.14 a litre respectively.

Wednesday’s hike was in the range of 29-32 paise per litre in the four metros, while diesel prices were raised by 26-28 paise per litre compared to the previous day.

Industry bodies Ficci and Assocham had earlier this week called for the government to urgently reduce fuel excise duties. They also urged the government to bring automobile fuels under the purview of Goods and Services Tax.

The government had raised excise duty nine times between November 2014 and January 2016 to shore up finances as global oil prices fell, but then cut the tax just once in October last year by Rs 2 a litre.

This article was first published on http://www.wakeuppost.com.

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