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Petrol Prices At Highest Since September 2013, At Rs 74.50 In Dehli

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| April 23 , 2018 , 18:27 IST

Petrol price rose for the fifth consecutive day in the capital city on Monday to Rs. 74.50 per litre in New Delhi, even as global crude oil cost dipped somewhat due to international factors.

According to the data on IndianOil Corp's website, petrol price in New Delhi was the highest in nearly five years and became dearer by 10 paise from Sunday's cost of Rs 74.40 per litre. In September 2013, the price had touched Rs 76.06 a litre in the national capital.

In Kolkata, Mumbai and Chennai too, prices climbed to new multi-year highs at Rs 77.20, Rs 82.35 and Rs 77.29 per litre respectively on Monday.

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"The government can always reduce the excise duty on petrol and diesel thereby earning a lower revenue but at least easing some burden on the consumers Congress. There should be revision of diesel and petrol prices quarterly, uniform diesel price across India," said Bal Malkit Singh, Chairman, Core Committee, All India Motor Transport.

He added, "The ambit of the Goods and Services Tax (GST) will bring the petroleum products under a rational tax mechanism.”

Besides petrol, diesel prices, too, touched fresh record levels on Monday in Delhi, Kolkata, Mumbai and Chennai. They rose to Rs 65.75, Rs 68.45, Rs 71.01 and Rs 69.37 per litre respectively.