Petrol, diesel prices reach unprecedented level in India

New Delhi/Chennai: Fuel prices touched new all-time highs today after rates were increased for the fourth time this week.

According to a price notification from oil marketing companies, petrol and diesel prices were hiked by 25 paise per litre each.

This took the petrol price in Delhi to Rs 85.70 per litre and in Mumbai to Rs 92.28. Diesel rate climbed to Rs 75.88 a litre in the national capital and to Rs 82.66 per litre in Mumbai.

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 based 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.

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.


NT Bureau