Fuel heat rises

Petrol price in the national capital has topped Rs 80 for the first time as the rupee's fall made imports costlier.

By Our Bureau
  • Published 9.09.18
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New Delhi: Petrol price in the national capital has topped Rs 80 for the first time as the rupee's fall made imports costlier.

Petrol prices on Saturday were raised by 39 paise a litre and diesel by 44 paise per litre, according to a price notification issued by state fuel retailers.

The increase pushed petrol prices in Delhi to Rs 80.38 per litre. Diesel rate touched its highest level of Rs 72.51 a litre.

In Mumbai, a litre of petrol costs Rs 87.77, while diesel comes for Rs 76.98, the notification said.

Motorists in Calcutta will have to pay Rs 83.27 a litre for petrol, up 39 paise. Diesel prices were raised by 44 paise to Rs 75.36 a litre on Saturday.

Fuel prices in Delhi are the cheapest among all metros and most state capitals because of lower taxes. Mumbai has the highest tax rates among the metros.

Opposition parties have called for a nationwide bandh on Monday to protest against the spiralling fuel prices.

The spike in prices has renewed calls for a cut in excise duty but finance minister Arun Jaitley has remained non-committal, saying international oil prices are volatile and have not shown any linear movement.

Since mid-August, petrol prices have risen Rs 3.24 a litre and diesel by Rs 3.74 per litre as the rupee hit record lows against the dollar, making imports costlier. This is the biggest increase in rates in any fortnight since the daily price revision was introduced in mid-June last year.