New Delhi: Fuel prices continued their upward spiral on Tuesday with petrol being sold at Rs 82.16 per litre in the national capital and Rs 89.54 in Mumbai – an increase of 10 paise from Monday.
Similarly, a litre of diesel went up by 9 paise from yesterday to be sold at Rs 73.87 in Delhi and Rs 78.42 in the financial capital.
Petrol price in the financial capital – where the fuel cost is highest due to the highest VAT – is nearing the psychological mark of Rs 90. In fact, in as many a dozen cities in the state, petrol is already is selling between Rs 90 and 91 a litre.
A survey on Monday said that the surge in petrol rates has left consumers scrambling and cutting household expenses to adjust with the price hike.
The Centre – attributing the price hike to global factors – has ruled out any possibility of cutting on excise duty on petrol and diesel prices estimating a revenue loss of Rs 28,000 crore to Rs 30,000 crore with a reduction of Rs 2 per litre on petrol and diesel.
However, few states, including have announced reduction in VAT imposed on fuel prices. Karnataka on Monday announced a cut of Rs 2 per litre on petrol and diesel prices. Earlier, Rajasthan, Andhra Pradesh and West Bengal announced a reduction of Rs 2.5, 2 and Re 1 on fuel prices respectively.
Union Oil Minister Dharmendra Pradhan on Monday reiterated his stand on bringing the fuels under the GST ambit. He also called out the Odisha government to follow suit of the other state governments and reduce VAT on both petrol and diesel.