Fuel prices skyrocket across nation, petrol price almost Rs 80/litre in Mumbai

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With the petrol price hiked by 8 paise a litre and diesel by 10 paise per litre, the fuel prices have sky rocketed across the country since July. The price of petrol in Delhi has increased by Rs 7.29 since July 1.

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The fuel prices are at their peak in the last three years. The petrol price is almost touching Rs 80 a litre in Mumbai.

Petrol price in Delhi on Tuesday was at Rs 70.38 per litre, whereas in Mumbai a litre of petrol costs Rs 79.48. In Chennai, the price of petrol is Rs 72.95 while in Kolkata it is Rs 73.12.

In the month of September itself, the petrol price on an average has gone up by almost 1.53-1.80 per cent while that of diesel by 2.78-2.96 per cent.

From June 16 onwards, the major oil companies decided to revise petrol and diesel prices on a daily basis. Before that, the prices used to be revised on a fortnightly basis.

The government has excluded petrol and diesel from the ambit of GST, however, petroleum products will still attract state and central levies such as excise duty and VAT.

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