Maintaining a similar trend for the four straight day in a row , fuel prices were hiked again across the country by 35 Paise on Saturday , October 23 . With the hike in petrol price it is much to worry for the citizens of India .
In the national capital Delhi , petrol was priced at Rs 107.24 per litre after going through a hike of 35 paises . Similarly Diesel prices shot up by the same amount of money and a litre of it was retailing at Rs 95.97 , according to a price notification by Indian oil corporation . In Mumbai, the petrol price stands at ₹113.12 per litre and diesel would be sold at ₹104.00 per litre, today.
The latest increase that follows the unrelenting hike in international oil prices has pushed pump rates across the country to their highest-ever levels. While petrol is above ₹100-a-litre-mark in all major cities, diesel has crossed that level in more than a dozen states.
In the southern city of Chennai, diesel prices crossed Rs 100. With an increase of 33 paise, diesel on Saturday cost Rs 100.25 per litre. On the other hand, petrol rates were hiked by 33 paise per litre and stood at Rs 104.22. In Kolkata, petrol was available at Rs 107.78 for one litre, expensive by 34 paise on Saturday. Diesel rates in the eastern city shot up by Rs 99.08 a litre, which is costlier by 35 paise. Petrol prices in Guwahati has raised upto Rs 103.46 .
Oil Minister Hardeep Singh Puri on Friday equated demand for cutting excise duty to ‘axing one’s own feet’, saying such levies funded government schemes to provide free COVID-19 vaccines, meals and cooking gas to millions amid the pandemic.
The increase in fuel prices has stoked concerns over inflation as diesel is the mainstay fuel used for transporting goods, including agri commodities.
Opposition parties including Congress have been critical of the government over the price hikes and have demanded a reduction in taxes.