Petrol at Rs 86.25 in Mumbai, commuters fuming

Opposition parties criticise BJP government as fuel prices hit record highs

Opposition parties criticise BJP government as fuel prices hit record highs

The increase in prices for diesel, on the other hand, was sharper, with the fuel selling for Rs 71.15 a litre in Delhi on Monday, 39 paise higher than Sunday's price of Rs 70.76 per litre on Sunday.

Due to the dramatic fall in the value of rupee and a surge in crude oil prices, state-owned oil firms on Monday increased the prices of both petrol and diesel in Mumbai to a new high. Rates have breached the previous high of ₹78.43 a litre hit on May 28.

According to reports, the fuel prices are cheapest in Delhi as compared to the other metro cities and state capitals following the lower sales tax or Value Added Tax (VAT).

The price of petrol rose to a new high of Rs 86.56 a litre (increase by Rs 0.58/litre) in Mumbai on Monday, September 3. In Kolkata too, petrol was expensive by 30 paise, at Rs 74 a litre.

A litre of petrol is selling at Rs 78.84 in Delhi, Rs 82.24 in Chennai and Rs 82.06 in Kolkata.

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Petrol in Mumbai has risen from Rs 83.76 per litre on August 1 to Rs 86.56 per litre on Monday.

These prices vary significantly from state to state depending on various tax levies and cess.

The exchange rate has fallen to a record Rs 71 to a dollar, depreciating Rs 2.5 in a month.

Talking to reporters on the sidelines of a conclave organised in Surat, Pradhan said the factors responsible for the drop in production of crude oil have caused a spike in fuel prices in India.

The appreciation of dollar against rupee has also pushed up rates for compressed natural gas (CNG) as well as piped natural gas (PNG) since the price of gas procured by city distributors is mostly dollar-denominated. The consumer price of PNG to the households in Delhi has been increased to ₹28.25 per scm, while same in Noida, Greater Noida and Ghaziabad would be ₹30.10 per scm, which has been increased by ₹1.26 per scm.

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