Mumbai, Jan 16: Diesel prices on Tuesday touched a new record high while petrol was selling for close to Rs 80 per litre in Mumbai. In Delhi, diesel prices rose to an all-time high of Rs 61.88 per litre. The petrol price in Delhi was Rs 71.27 per litre on Tuesday, up by Rs .09 since Monday.Also Read - Petrol, Diesel Price Today: Check Fuel Rates In Delhi, Mumbai, Other Cities On August 21
In Mumbai, diesel price went up to Rs 65.90 per litre on Tuesday while petrol was at Rs 79.15 per litre. In Kolkata and Chennai too, diesel prices were above Rs 64 per litre on Tuesday. Also Read - Petrol Price Touches Rs 233/Litre In Pakistan, Diesel Rs 244/L. Details Here
State-owned oil companies had in June 2017 adopted dynamic pricing for fuel, following which prices have been changing every day. While prices went down in the initial few days of the policy, they rose after that. In October, demands to bring petrol and diesel under Goods and Services Tax were made after no respite from rise in fuel prices. Also Read - Petrol, Diesel Prices Likely To Go Up As Oil Companies Incur Huge Losses
Following this, the Narendra Modi government had cut excise duty on fuel while some states also cut VAT to give relief to consumers. However, prices again started peaking in December 2017. With diesel prices touching record high, clamour is again growing for cut in excise and VAT on fuel to provide relief to consumers.