NEW DELHI: Petrol and diesel rates went up again on Monday amid public protest against rising prices and the central government’s refusal to cut duties.
NEW DELHI: Petrol and diesel rates went up again on Monday amid public protest against rising prices and the central government’s refusal to cut duties.
Oil companies raised prices of petrol and diesel by 23 paise and 22 paise respectively on Monday.
In Mumbai, petrol was sold for Rs 88.12 a litre and diesel for Rs 77.32 a litre on Monday. Petrol was priced at Rs 80.73 and diesel at Rs 72.83 in Delhi.
Andhra Pradesh announced plans to cut state taxes on petrol and diesel, which would bring down their prices by Rs 2 a litre. Rajasthan on Sunday cut state taxes on fuel by 4%.
The central government has so far refused to cut duties in the hope that the rupee and oil prices will soon stabilise.
A falling rupee and rising international oil prices have driven up domestic rates of petrol and diesel, which are also heavily taxed.
A fear that the US sanctions on Iran may end up contracting global oil supplies more than other producers can make up is pushing up oil prices. Crude oil prices have risen to $77 a barrel, gaining about $7 in a month.
State oil companies factor in international fuel rates and the currency fluctuation to decide on local rates for petrol and diesel daily.
Oil companies raised prices of petrol and diesel by 23 paise and 22 paise respectively on Monday.
In Mumbai, petrol was sold for Rs 88.12 a litre and diesel for Rs 77.32 a litre on Monday. Petrol was priced at Rs 80.73 and diesel at Rs 72.83 in Delhi.
Andhra Pradesh announced plans to cut state taxes on petrol and diesel, which would bring down their prices by Rs 2 a litre. Rajasthan on Sunday cut state taxes on fuel by 4%.
The central government has so far refused to cut duties in the hope that the rupee and oil prices will soon stabilise.
A falling rupee and rising international oil prices have driven up domestic rates of petrol and diesel, which are also heavily taxed.
A fear that the US sanctions on Iran may end up contracting global oil supplies more than other producers can make up is pushing up oil prices. Crude oil prices have risen to $77 a barrel, gaining about $7 in a month.
State oil companies factor in international fuel rates and the currency fluctuation to decide on local rates for petrol and diesel daily.