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As Fuel Prices Continue To Soar, PM Modi To Meet Oil Companies Chief Today

JAVED SAIFI | 0
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| October 15 , 2018 , 11:41 IST

As petrol and diesel prices continue to soar across the country and denting the budget of people, Prime Minister Narendra Modi to meet Oil Company’s chief to take a note of the global energy scenarios on Monday.

In New Delhi, petrol was retailing at Rs 82.72 per litre and diesel was retailing at Rs 75.46 per litre, increased by Rs 0.08. While in Mumbai, Petrol was retailing at Rs 88.18 per litre and diesel was retailing at Rs 79.11 per litre, increased by Rs 0.09.

It is for the first time when petrol and diesel across the country have been retailing at a record high of all time.

Also Read: Smriti Irani Slams Odisha CM Naveen Patnaik For Not Reducing State Taxes On Petrol & Diesel

Most of the opposition parties have also been organising protests across the country criticising the central government for not reducing fuel prices.

According to experts, the increase in fuel prices comes amid a continuous surge in global crude oil prices. The Brent crude oil has gone upwards of $85 per barrel.

Previously, on October 4 the central government had reduced petrol and diesel prices by Rs 2.50 per litre across the country.

The government had also urged state governments to reduce petrol and diesel prices by Rs 2.50 per litre which was taken positively by the 10 state governments.

The 10 state governments that reduced petrol and diesel prices were Tripura, Haryana, Himachal Pradesh, Jammu & Kashmir, Arunachal Pradesh, Goa, Uttrakhand, Gujarat, Maharashtra, Uttar Pradesh, Jharkhand, Madhya Pradesh, Chattisgarh and Assam.