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Petrol Reaches Rs 91/Litre in Mumbai

Petrol Reaches Rs 91/Litre in Mumbai

Snapshot: The prices of diesel also surged to new highs on Monday along with petrol.

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Adding to the ongoing spike of fuel prices in the country, petrol prices in the financial capital have risen to Rs 91.08 per litre from Rs 90.84 on Sunday.

Fuel prices maintained the daily record-breaking streak on Monday, with petrol costing Rs 91.08 a litre in Mumbai.

Petrol rates in rest of the major cities like Chennai, Delhi and Kolkata on Monday were Rs 87.05, Rs 83.73 and Rs 85.53 per litre respectively -- all latest prices -- more than the respective previous high of Rs 86.80, Rs 83.49 and Rs 85.30 the previous day.

The prices of diesel also surged to new highs on Monday along with petrol.

Cost of fuel in Delhi, Kolkata, Mumbai and Chennai were Rs 75.09, Rs 76.94, Rs 79.09 and Rs 79.40 a litre respectively, more than Sunday's Rs 74.79, Rs 76.64, Rs 79.40 and Rs 79.08 respectively.

Petrol is not included in GST, hence costs fluctuate as per local taxes. Among the four key metros, Delhi has a lower tax.

The rise in transport fuel rates comes amid surging crude oil prices. Currently, Brent crude oil is priced around $83 per barrel.

Industry experts also attribute the high domestic fuel costs to the high rate of excise duty across the country.

 

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