The trend of daily fuel price rise continued on Monday with petrol breaching the Rs 90 a litre mark and diesel racing towards Rs 80-mark in Mumbai.
Since mid-August, the petrol price has risen by Rs 5.58 a litre and diesel by Rs 5.3 among the highest in a 30-day period since the daily price revision was introduced in mid-June last year.
The revised rates of petrol and diesel in Delhi stood at Rs 83.73 per litre and Rs 75.09 per litre respectively.
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In Mumbai petrol and diesel retailed at Rs 91.08 a litre and Rs 79.72 a litre respectively.
The spiraling fuel prices have severely affected the household budget of the common man and opposition has also been
The Centre currently levies a total excise duty of Rs 19.48 per litre of petrol and Rs 15.33 per litre on diesel. On top of this, states levy Value Added Tax (VAT) – the lowest being in Andaman and Nicobar Islands where 6% sales tax is charged on both the fuels. However, the BJP-led NDA government remains non-committal over slashing the rates.
The price of subsidised cooking gas (LPG) was also increased on Sunday by Rs 2.89 per cylinder to Rs 502.4 per cylinder.
The price of non-subsidised LPG in Delhi increased by Rs 59.00 per cylinder in October 2018 mainly due to change in international price and foreign exchange fluctuations, Indian Oil Corporation (IOC) said in a statement.
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