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Petrol and Diesel Prices Touching New Highs In Major Cities
The previous prices were Rs. 75.46 (Kolkata, October 2014), Rs. 80.60 (Mumbai, August 2014) and Rs. 75.78 per litre (Chennai, August 2014).Similarly, diesel prices, which is touching new levels, shot up further on Wednesday across all major cities.
- Shikhar Thakur
- Posted by
- January 24, 2018 17:03 IST
New Delhi: Petrol and diesel pricec touching new highs in the national capital and other metros.Petrol was sold at Rs. 72.43 per litre in Delhi, which is highest in three years. Price is Rs. 72.51 on August 2014, according to data from Indian Oil Corp.In Big Cities Kolkata, Mumbai and Chennai, petrol was sold at Rs. 75.13, Rs. 80.30 and Rs. 75.12 per litre respectively, also at over three-year high levels.
The previous prices were Rs. 75.46 (Kolkata, October 2014), Rs. 80.60 (Mumbai, August 2014) and Rs. 75.78 per litre (Chennai, August 2014).Similarly, diesel prices, which is touching new levels, shot up further on Wednesday across all major cities.In Delhi, diesel was sold at Rs. 63.38 per litre. In Kolkata, Mumbai and Chennai, it cost Rs. 66.04, Rs. 67.50 and Rs. 66.84 a litre respectively.
Diesel is mostly used to transport goods including food products. Experts say this will push up inflation.Several factors like production curbs by the Organization of Petroleum Exporting Countries and high demand have led to a surge in crude oil prices.Also, daily price revision in India allows for a rise in domestic fuel prices in accordance with international trends.
The earlier system of price determination of petrol had a waiting period of 15 days.On the other hand, imposition of state taxes and levies generally hikes prices. Currently, the two fuels do not come under the ambit of the Goods and Services Tax. Petrol and Diesel Prices Touching New Highs in Big Cities