Hike in fuel prices continue, petrol nears Rs 90 mark in Mumbai

Hike in fuel prices continue, petrol nears Rs 90 mark in Mumbai

Hike in fuel prices continue, petrol nears Rs 90 mark in Mumbai

After the increase in prices, petrol is being sold at Rs 81.63 per litre and diesel at Rs 73.54 per litre in the national capital.

Union Minister Ramdas Athawale also triggered a controversy after he candidly confessed that increase in petrol and diesel prices did not bother him, "I am not suffering from rising fuel prices as I am a minister", he said, referring to the allowances he gets. In Delhi, Mumbai and Chennai, the price of the fuel rose to Rs 73.30, Rs 77.82 and Rs 77.49 per litre on Friday, from the Thursday's levels of Rs 73.08, Rs 77.58 and Rs 77.25 per litre.

The price of petrol breached the Rs 89-mark on Saturday to end at Rs 89.01 per litre while diesel touched a new high of Rs 78.07 per litre.

The fuel prices are mainly dependent on the worldwide fuel prices and value of rupee against the dollar. Likewise, it increased by Rs 0.19/litre in Mumbai to touch Rs 78.26/litre. Diesel, in the West Bengal capital was priced at Rs 75.39 on Saturday, up from previous level of Rs 75.15 per litre.

Even as the Opposition protested against the rising fuel prices across the country on Monday, the government ruled out any immediate reduction in excise duty in order to bring down the retail prices of auto fuels, and instead urged the states to take action. In Thane and Navi Mumbai, petrol and diesel were cheaper than in Mumbai for the past few weeks. Mumbai, on the other hand, has the highest sales tax or VAT.

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