Petrol, diesel prices continue upward spiral across metros; September 29 rates here

New Delhi, News Nation Bureau | Updated : 29 September 2018, 07:05 AM
Fuel prices continue upward spiral across metros; Sept 29 rates here (File Photo)
Fuel prices continue upward spiral across metros; Sept 29 rates here (File Photo)

Fuel prices continued their upward spiral in the megapolis, where petrol and diesel are the costliest among the major metros all over India. While Saturday's petrol price pegged at Rs 83.40 per litre, up from Rs 83.22 Friday, diesel is retailing at Rs 74.63 a litre, up Rs 0.21 in Delhi.

In the financial capital of India - Mumbai, both petrol and diesel prices have gone up by Rs 0.22 on Saturday. While a litre of petrol now costs Rs 90.75, diesel is selling at Rs 79.23 per litre being the highest across the country.

"Petrol and Diesel prices in Delhi are Rs 83.40 per litre (increase by Rs 0.22) and Rs 74.63 per litre (increase by Rs 0.21), respectively. Petrol and Diesel prices in Mumbai are Rs 90.75 per litre (increase by Rs 0.22) and Rs 79.23 per litre (increase by Rs 0.22), respectively," the news agency ANI reported.

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Maharashtra has the highest fuel cost among all the states as it charges the highest VAT on the petrol and diesel at a little over 39 per cent, including the Rs 9 surcharge on petrol and Re 1 on diesel. Delhi, on the other hand, has the cheapest fuel rates among metros and most state capitals because of lower tax rates.

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The fuel retail prices have been going up since mid-August owing to the rising crude oil prices and the plummeting rupee on a daily basis.

Early September, the rupee lost 67 paise to close at 72.51 against the dollar and touched the all-time low. Since the beginning of the year, the rupee lost over 13 per cent against the greenback. Crude has gained over 35 per cent year-to-date.

First Published: Saturday, September 29, 2018 06:54 AM
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