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LATEST NEWS UPDATES | Petrol, diesel prices at highest-ever levels on rupee woes

Petrol, diesel prices at highest-ever levels on rupee woes

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published Published on Sep 3, 2018   modified Modified on Sep 3, 2018
-PTI

New Delhi: Petrol and diesel prices in the country touched their highest levels Monday mainly due to dramatic fall in rupee and a sharp rise in crude oil rates.

Petrol price in Delhi rose to a record Rs 79.15 a litre and diesel climbed to a fresh high of Rs 71.15, according to price notification of state-owned fuel retailers.

This follows ?a 31 paise/litre hike in prices on Monday. Rates have breached the previous high of Rs 78.43 a litre hit on May 28. On that day, the rate in Mumbai was Rs 86.24 per litre.

A litre of petrol in Mumbai costs Rs ?86.56 on Monday.

Prices in Delhi are the cheapest in all metros and most state capitals due to lower sales tax or VAT.

Diesel rates on Monday were hiked by 39 paise a litre, the steepest increase since the daily revision in prices was introduced in mid-june 2017.

Diesel now costs Rs ?75.54 per litre in Mumbai.

Since August 16, petrol prices have risen by over Rs 2 per litre. Diesel prices on the other hand have risen by Rs 2.42 a litre during this period.

Please click here to read more.

The Pioneer, 3 September, 2018, https://www.dailypioneer.com/top-stories/petrol-diesel-prices-at-highest-ever-levels-on-rupee-woes.html


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