Business

Petrol Price Highest Ever In Chennai; Up 30 Paise Across Metros

IANS | 0
2006
| May 22 , 2018 , 17:54 IST

After reaching unprecedented highs in Delhi and Mumbai, petrol prices touched a record high in Chennai, at Rs 79.79 per litre on Tuesday.

With this, the fuel price breached its previous record of Rs 79.55 in the city, hit in September 2013.

Across the four metropolitan cities, prices rose around 30 paise on Tuesday. In Delhi and Mumbai, the fuel was sold at Rs 76.87 and Rs 84.70 per litre respectively, up from Rs Rs 76.57 and Rs 84.40 on Monday.

Similarly, in Kolkata, the price was at a near-five-year high of Rs 79.53, up 29 paise from Monday.

In Chennai, the fuel cost rose by 32 paise from Monday's price of Rs 79.47 per litre.

Prices of transportation fuel have been rising on the back of the recent surge in global crude oil prices and high excise duty in the country. On Tuesday, Brent crude oil was priced over $79 per barrel.

Diesel prices, which have already reached unprecedented levels, set new records across the country. In Delhi, Kolkata, Mumbai and Chennai, diesel was sold at Rs 68.08, Rs 70.63, Rs 72.48 and Rs 71.87 per litre, respectively. 

There have been demands from various quarters, including industry associations such as Ficci and Assocham, for a reduction in fuel excise duties and the inclusion of automobile fuels under the purview of the Goods and Services Tax (GST).

On Monday, Petroleum Minister Dharmendra Pradhan said the government is considering ways to keep rising transport fuel prices in check.