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 - Diesel Price in Delhi Slashed by Over Rs 8 Per Litre as Govt Cuts VAT From 30% to 16.75%
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 - Twitter Pins Down Amitabh Bachchan-Akshay Kumar-Anupam Kher as Old Jibes on Fuel Price Hike Resurface
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 Price Today: Diesel Costs More Than Petrol in Delhi For First Time in Years
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.