New Delhi: Fuel prices saw another rise on Saturday with petrol being sold at Rs 81.68 per litre (increase by 18 paise) and diesel at Rs  73.79 per litre (at a rise of 29 paise) in Delhi. In Mumbai, petrol rose to 87.15 per litre (increase by 18 paise ) while diesel reached Rs 76.75 per litre (increase by 70 paise). Notably, the latest fuel price hike comes days after the Centre announced a Rs 2.50 per litre cut in prices of petrol and diesel.Also Read - GST Council Extends Concessional Rates on Covid Medicines Till Dec 31; Keeps Petrol, Diesel Out of Tax Ambit

“Excise duty to be reduced by Rs 1.50 and Oil Marketing Companies (OMCs) will absorb 1 rupee. So, a total of Rs.2.50 will be reduced on both diesel and petrol,” Finance Minister Arun Jaitley had announced. He had also said that the Finance Ministry is writing to the state governments to cut Rs 2.50 from the VAT imposed on petrol and diesel prices. (CLICK HERE FOR LIVE FUEL PRICES ACROSS INDIA) Also Read - Priyanka Chopra Jonas Turned NYC Airport into Her Runway in Rs 3 Lakh Dior Leopard Print Hoodie

Earlier on Friday, Maharashtra CM Devendra Fadnavis had said that even diesel prices will be reduced by around Rs 4/litre. Speaking to the media, he said the state government’s decision to cut the Value Added Tax (VAT) on petrol by Rs 2.50/litre has been hugely welcomed by the people. “We are now working out a formula to bring down the diesel prices by at least Rs 4/litre. The government will bear the losses in the larger public interest,” Fadnavis said. Also Read - Petrol, Diesel Prices To Go Down Big? All You Need To Know

Accusing the government of taking people for a ride, Maharashtra Congress President Ashok Chavan said that instead of the Rs 5/litre assured by Fadnavis, the actual reduction is Rs 4.37/litre when pumps opened for business on Friday. “This is blatant cheating of the masses. After you announced Rs 5/litre, implement it instead of giving just Rs 4.37/litre… This is nothing but propaganda by the BJP government,” Chavan had attacked the government.

On Thursday, shortly after the Centre announced reduction in prices of petrol-diesel, Maharashtra and at least a dozen states followed suit by reducing various local taxes like VAT on petrol and diesel.