New Delhi: Fuel prices again saw a surge on Thursday, a day after it remaining unchanged. In Delhi, the petrol price increased by up to 15 paise to cost Rs 84 per litre whereas, the diesel price rose by 20 paise to cost Rs 75.45 per litre on October 4, with effect from 6:00 AM. In Mumbai, petrol and diesel prices reached Rs 91.34 per litre (increase by Rs 0.14) and Rs 80.10 (increase by Rs 0.21), respectively. (CLICK HERE FOR LIVE FUEL PRICES ACROSS INDIA)
On Tuesday, petrol was being sold at Rs 83.85 per litre (at an increase of 12 paise) and diesel at Rs 75.25 per litre (at a rise of 16 paise) in Delhi. In Mumbai, petrol is priced at Rs 91.20 per litre, which is a rise of 12 paise while diesel is at Rs 79.89 per litre, an increase of 17 paise.
Fuel prices have been witnessing a steep rise since the past few months. Union Petroleum and Natural Gas Minister Dharmendra Pradhan has 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.
Since mid-August, the petrol price has risen by Rs 6.59 a litre and diesel by Rs 6.37 – the most in any six weeks after the daily price revision was introduced in mid-June last year.
Also on Monday, domestic cooking gas (LPG) rates were hiked by Rs 2.89 per 14.2-kg cylinder to Rs 502.40 on account of higher GST applicable on base price, according to oil companies. This is the fifth straight monthly increase in subsidised LPG rates. It was priced at Rs 491.21 in May.
Delhi has the cheapest fuel rates among all metros and most state capitals because of lower taxes. Mumbai has the highest sales tax or VAT.