No Respite For Common Man As Fuel Prices Witness Fresh Hike

General News

Fuel prices across the country continued to rise unabated and touched new record levels on Friday despite the central government announcing a Rs 2.50 per litre cut in excise duty recently

Written By Asia News International | Mumbai | Updated On:

Fuel prices across the country continued to rise unabated and touched new record levels on Friday despite the central government announcing a Rs 2.50 per litre cut in excise duty recently.

In Delhi, petrol is being sold at Rs 82.48 per litre after an increase of 12 paise while diesel is being sold at Rs 78.51 per litre after a 29 paise revision.

Fuel prices continued to soar on October 9, with petrol and diesel rates being hiked by 10 paise and 27 paise respectively in Delhi.

Skyrocketing prices of fuel are also continuing to burn holes in the pockets of the common man residing in Mumbai. In Mumbai, petrol and diesel rates were hiked by 9 paise and 29 paise each, where petrol is retailing at Rs 87.94 per litre and diesel at Rs 78.51 per litre.

READ | Oil Minister Dharmendra Pradhan Meets Finance Minister Arun Jaitley As Fuel Prices Touch New High

The Centre has maintained that prices of fuel have reached record highs due to an increase in global crude oil prices and depreciation of the Indian rupee.

Earlier in October, the common man reeling under the skyrocketing fuel prices got a much-deserved relief after Finance Minister Arun Jaitley announced that the centre  has cut the price of fuel Rs 2.5 across the country. He further urged all state governments to do the same so that the cost of diesel and petrol is reduced by Rs 5 with a joint effort by the Union and state governments.

Fuel prices have been witnessing a steep rise since the past few months. While the Opposition has repeatedly blamed the union government for not doing enough to keep a check on prices, the latter has maintained that global crude oil prices and other international factors are causing a hike in prices of petroleum products.

While the revision in prices was implemented in Gujarat, Chhattisgarh, Bihar, Uttar Pradesh, Tripura, Jammu and Kashmir, Himachal Pradesh, Meghalaya, Assam, Jharkhand and Goa, a number of states are yet to implement the decision.

READ | Fuel Price Cut: List Of States That Announced Rs.5 Cut In Fuel Prices

 

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