There is no relief in sight from the rising fuel prices. They continue to rise incessantly as on Saturday petrol touched nearly Rs 91 a litre in Mumbai.
In India’s financial capital, petrol was priced at Rs 90.75 per litre, up from Rs 90.57 on Friday, data on the Indian Oil Corp’s website showed.
In the other major cities of Delhi, Kolkata, and Chennai, petrol prices were Rs 83.40, Rs 85.21, and Rs 86.70 per litre respectively. All the prices have set new records, higher than the previous levels of Rs 83.22, Rs 85.03, and Rs 86.51 per litre.
The increase in transportation fuel prices comes amid rising crude oil prices as currently Brent crude oil is priced around USD 83 per barrel.
Industry experts also attribute the high domestic fuel prices to the high rate of excise duty across the country.
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Along with petrol, the cost of diesel also went up to hit new highs on Saturday.
Prices of diesel in the four metros of Delhi, Kolkata, Mumbai, and Chennai were Rs 74.63, Rs 76.48, Rs 79.23, and Rs 78.91 a litre, respectively, up from the Friday’s levels of Rs 74.42, Rs 76.27, Rs 79.01, and Rs 78.69 per litre.
(With agency inputs)