Petrol Nears Rs 90 Mark in Mumbai, Diesel Remains Unchanged

New Delhi: Fuel prices  climbed to fresh highs across the metros cities on Saturday while diesel rates were unchanged for the fourth consecutive day. In the national capital, petrol was sold at Rs 82.44 per litre, up from Rs 82.32 per litre on Friday, data on the Indian Oil Corp’s website showed.

Meanwhile, in Mumbai, where the fuel cost is highest due to the highest VAT, petrol prices inched up to the psychological Rs 90 a litre-mark and sold at Rs 89.80 per litre.

However, prices of the other key transportation fuel, diesel, was unchanged on Saturday. Diesel prices in Delhi, Kolkata, Mumbai and Chennai were unchanged at Rs 73.87, Rs 75.72, Rs 78.42 and Rs 78.10 per litre receptively.

Notably, the fuel price has been witnessing a steep rise since the past few weeks. Union Petroleum and Natural Gas Minister Dharmendra Pradhan had blamed international factors for the hike in the prices of petroleum products.

Earlier this week, the West Bengal government reduced the excise on petrol and diesel by Re 1 per litre each. The Karnataka government also announced on Monday that petrol and diesel would be cheaper by Rs 2 per litre each across the state from Tuesday following the reduction in cess on these fuels. As per the country’s pricing mechanism, the domestic fuel prices depend upon the international fuel prices on a 15-day average and the value of the rupee.