Petrol, Diesel Prices Hit Consumers
- 23-Jan-2021
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Prices of petrol and diesel continued to soar to hit new highs on Saturday after the oil marketing companies raised fuel rates for the fourth time this week.
On Saturday, the oil marketing companies raised petrol and diesel prices by 25 paise per litre each. As a result, petrol and diesel prices in the national capital jumped to Rs 85.70 per litre and Rs 75.88 a litre respectively.
India’s financial capital Mumbai, also witnessed a sharp rise in fuel prices as petrol was being sold at Rs 92.28 a litre while the diesel was priced as Rs 82.66 per litre.
This is the second consecutive day of rate increase and the fourth this week. In all prices have gone up by Re 1 per litre this week.Fuel prices, which vary from state to state depending on local sales tax or VAT, are now at record highs in the country, prompting cries for a cut in excise duty to ease the burden on consumers.
?In other metropolitan cities like Kolkata and Chennai petrol was at Rs 87.11 per litre and Rs 88.29 a litre respectively.
On the other hand, diesel was being sold at Rs 79.48 per litre in Kolkata and Rs 81.14 per litre in Chennai.
Oil Minister Dharmendra Pradhan earlier this week blamed Saudi oil output cut for the surge in oil prices but remained non-committal on tax cuts.
