Mumbai, Jan 31: The prices of petrol and diesel on Wednesday, January 31, remained unchanged after over a month of non stop rise. In Mumbai, the price of petrol today, a day ahead of Union Budget 2018, was Rs 80.79 per litre, same as what it was yesterday. The price of diesel in Mumbai today was Rs 68.15 per litre. In Delhi, petrol price was at Rs 72.92 per litre while diesel was at Rs 64 per litre today. Check the price of petrol and diesel in your city as on January 31 here.Also Read - Petrol Price Hiked After Months, Diesel Becomes Costlier; Check Rates in Your City
The price of petrol in Kolkata and Chennai today was Rs 75.62 per litre and Rs 75.63 per litre respectively. The price of diesel in Kolkata and Chennai was Rs 66.67 per litre and Rs 67.50 per litre. (Also Read: Petrol, diesel prices largely aligned to global rates) Also Read - Petrol Price Remains Unchanged; Diesel Becomes Costlier; Check City-Wise Fuel Rates
While prices of fuel were unchanged today, they have been on the rise for over a month with diesel reaching record high and petrol at its highest since the Narendra Modi government came to power in 2014. Demands have been made to bring petrol and diesel under the purview of Goods and Services Tax (GST) to give relief from skyrocketing prices. Also Read - Petrol, Diesel Prices To Go Down Big? All You Need To Know
On Tuesday, Indian Oil Corporation (IOC) Chairman Sanjiv Singh also suggested that petroleum products must be brought under the ambit of GST in the near future. “If petroleum products come under GST, it is a seamless process. Probably, in the long term, everybody would want all products to come under the GST. However, for us, it will be a little disadvantageous till all products don’t come under the GST,” he said.
Meanwhile, the Oil Ministry has also written to the Finance Ministry seeking a cut in excise duty on petrol and diesel in Budget 2018. All eyes are now on Finance Minister Arun Jaitley’s Budget 2018 to see of any of the two demands have been catered to.