Fuel prices continue to rise: Petrol rate reaches Rs 91.20/litre in Mumbai

WION Web Team
New Delhi, Delhi, IndiaUpdated: Oct 02, 2018, 10:44 AM IST

File Photo Photograph:(PTI)

Fuel prices continued to rise on Tuesday as well with petrol is retailing at Rs 91.20 per litre in Mumbai, implying a hike of 12 paise from Rs 91.08 on Monday. 

Petrol & Diesel prices in Delhi are Rs 83.85 per litre (increase by Rs 0.12) & Rs 75.25 per litre (increase by Rs 0.16), respectively. 

Petrol & Diesel prices in Mumbai are Rs 91.20 per litre (increase by Rs 0.12) & Rs 79.89 per litre (increase by Rs 0.17), respectively.

The price of petrol had already crossed the Rs 90-mark in more than 20 of Maharashtra's 36 districts.

Fuel prices have been on a rise since mid-August, touching fresh highs almost on a daily basis. Despite consumer protests, Petroleum Minister Dharmendra Pradhan ruled out reducing taxes on these items. Blaming global factors, he said a tax cut, if approved, won't have any lasting impact due to volatile crude prices.

The Centre currently levies an excise duty of Rs 19.48/litre on petrol and Rs 15.33 per litre on diesel. Various states levy Value Added Tax (VAT) on petrol and diesel. Mumbai has the highest VAT of 39.12 per cent on petrol, while Telangana levies the highest VAT of 26 per cent on diesel.

(With inputs from agencies)