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Fuel Prices At Record High With Cheapest In New Delhi

JAVED SAIFI | 0
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| September 1 , 2018 , 14:34 IST

Now commoners have to pay extra for Petrol and Diesel needs as the Indian Oil Corporation hiked the fuel prices on Saturday.

After an increase in fuel prices, Petrol price rose to Rs. 78.68 per litre in Delhi, Rs. 86.09 per litre in Mumbai, Rs. 81.60 per litre in Kolkata and Rs. 81.75 per litre in Chennai. Diesel price rose to Rs. 70.42 per litre in Delhi, Rs. 74.76 per litre in Mumbai, Rs. 73.27 per litre in Kolkata and Rs. 74.41 per litre in Chennai.

In comparison among the metro cities, fuel is cheapest in Delhi due to lower sales tax or VAT (Value Added Tax). The revised fuel rates have been applicable from 6 am September 1, 2018.

Also Read: No Relief For Commoners As Petrol & Diesel Prices Hike To Rs 78.52/Litre & Rs 70.21/Litre In Delhi

Commenting on the hiked fuel prices Union Minister Dharmendra Pradhan claims that rise in crude oil price in the international market and devaluation of the Indian rupee against the US Dollar are two factors responsible for the hike in fuel prices in the country.

The higher fuel prices have been attracting severe criticism from the opposition parties as at the time of UPA-II the petrol prices were at Rs 63.09 in Delhi, Rs 70.35 in Kolkata, Rs 71.13 in Mumbai and Rs 65.9 in Chennai.

IOC had also hiked domestic cooking gas (LPG) by Rs 1.49 per cylinder on Friday.