New Delhi: Fuel prices rose on Monday with petrol priced at Rs 68.50 per litre and diesel at Rs 62. 24 per litre in the national capital. In Mumbai, petrol and diesel were priced at Rs 74.16 per litre and Rs 65.12 per litre. (Also read: GoM Works Out Ways to Ease GST Burden)
On Sunday, petrol was selling at Rs 68.29 per litre while diesel was at Rs 62.16 per litre in Delhi. So Monday’s prices mean a hike of 21 paise per litre and 8 paise per litre for petrol and diesel respectively in Delhi. Likewise, Mumbai has seen a rise of 21 paise per litre and 7 paise per litre in petrol and diesel prices respectively.
In the past two and half months, petrol price has shot up on only one day, on December 18. Diesel rates rose on December 17 and 18. The retail selling price of the fuels is dependent on the international prices of benchmark fuel and the rupee-US dollar exchange rate. (Check the Live Petrol And Diesel Price Here)
Meanwhile, the Congress-JDS government in Karnataka has increased tax rates on petrol and diesel to 32 per cent and 21 per cent respectively, citing impact on the state revenue collection due to fall in the prices of crude oil in international market. Prior to the revision, the tax rates on petrol and diesel were 28.75 per cent and 17.73 per cent, respectively.
‘Yellow vest’ protests have been on in France since mid-November over the rising fuel prices. Fuel price hikes could be suspended soon with France Prime Minister Édouard Philippe expected to announce a moratorium on the same, said reports. Dozens of people were detained while scores were injured in the clashes, including law enforcement officials.
According to CNN, around 36,000 people took to the streets on Sunday to protest against the increase in fuel prices. They also defaced landmarks like the Arc de Triomphe with graffiti.
On Monday, students showed their support for the ‘yellow vests’ by blocking the entrance to over a hundred schools across the country.