New Delhi: Fuel prices saw a marginal increase on Saturday with petrol and diesel being sold at Rs 70.72 per litre (increase by Rs 0.17), and Rs 65.16 per litre (increase by Rs. 0.19) respectively. In Mumbai, petrol and diesel prices stood at Rs 76.35 per litre (increase by Rs. 0.17) and Rs 68.22 per litre (increase by Rs. 0.20) respectively. Also Read - Petrol Prices on a Rise, Likely to Breach All-Time High Across Country
On Friday, petrol price was hiked by 8 paise and sold at Rs 70.55 per litre in the national capital, while in Mumbai it was retailed at 76.18 per litre after an increase of 7 paise. The diesel was sold at Rs 64.97 per litre in Delhi and Rs 68.02 per litre in Mumbai. Also Read - Petrol Price Crosses Rs 82-Mark, Diesel Above Rs 72 a Litre
The fresh rise in prices comes amidst the revision of global crude oil prices owing to a possible stifling of supply in the near future. (Check the Live Petrol And Diesel Price Here) Also Read - Petrol, Diesel Prices Rise for Third Straight Day
Petroleum and Natural Gas Minister Dharmendra Pradhan had earlier said that the hike in the prices of petrol and diesel in the country was because of the depreciation in the value of the Indian Rupee against the US dollar.
Last year on October 4, the petrol price had touched a record high of Rs 84 per litre in Delhi and Rs 91.34 in Mumbai. Diesel on that day had peaked to Rs 75.45 a litre in Delhi and Rs 80.10 in Mumbai.
The government had also decided to cut excise duty on petrol and diesel by Rs 1.50 per litre each and asked state-owned fuel retailers to subsidise the price by another Re 1 a litre by reducing their margins. to Run Passenger Trains, Fix Fares