Fuel Prices Start Rising Again, Rs 87.15/Litre In Mumbai, Diesel At Rs 76.75/Litre

ICN WORLD

MUMBAI: Several states had announced reduction in fuel prices by cutting sales tax/VAT. The announcement by states came after the Centre decided to reduce petrol and diesel prices by Rs 2.50 per litre on Thursday.

In Mumbai, petrol is up 18 paise and is now being retailed at Rs 87.15 per litre.Owing to a cut in taxes by the Maharashtra government.

The price of diesel in Mumbai is down by 70 paise and the fuel is being sold at Rs 76.75 per litre.The Maharashtra government on Friday announced a relief of Rs1.56/litre on diesel prices.

The price of petrol in Delhi increased by 18 paise to Rs 81.68 per litre, while that of diesel rose by 29 paise to Rs 73.24 per litre.

In Kolkata, the price of petrol now stands at Rs 83.52 per litre, down Rs 2.28, while that of diesel dropped Rs 2.21 to Rs 75.09 per litre.

The cost of petrol in Chennai is Rs 84.89 per litre, while the price of diesel stands at Rs 77.42 per litre. Finance Minister Arun Jaitley said on October 4 the Centre will bear the burden of Rs 1.5 per litre.
Petrol in Maharashtra had crossed Rs 91 per litre and diesel was selling above Rs 80 per litre before the state and central government decided to lower taxes.
Maharashtra has chosen to carry out the Rs 2.5 cut in value added tax (VAT) on petrol and Rs 1.56 on diesel price. The states of Kerala and Karnataka refused to match the Centre’s tax cuts.

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