Fuel price touches fresh high; Petrol near Rs. 90 in Mumbai

Virginia Carson
September 11, 2018

Petrol is being sold today at Rs 80.87 per litre, and diesel at Rs 72.97 per litre.

Both the petrol and diesel prices saw hike of 14 paise per litre in Delhi.

Meanwhile, in Mumbai, petrol and diesel have touched a new high of Rs 88.26 and Rs 77.47 per litre respectively. At the same time, the diesel prices too marched ahead and was priced at Rs 78.83 per litre.

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However, the Bahujan Samaj Party and the Samajwadi Party did not join the Opposition protests in Delhi. The nationwide bandh has been called by the Congress over rising fuel prices and depreciation of the rupee.

Yesterday, Congress president Rahul Gandhi led the Bharat Bandh in Delhi, and former Prime Minister Manmohan Singh said the need of the hour was for "Opposition parties to forget their differences and come together". Rajasthan had also reduced the taxes on both, diesel and petrol.

Sporadic incidents of violence were reported on Monday during a Congress-led opposition's Bharat Bandh against spiralling fuel prices that disrupted normal life mainly in Bihar, Kerala, Karnataka, Assam and Odisha. The government, he said, anticipates that worldwide oil prices, which together with a drop in the value of rupee has been fuelling the fuel price rise to record levels, will moderate in coming days to take pressure off. Bharat Bandh evokes mixed response in Punjab, Haryana The nationwide call of Opposition-sponsored "Bharat Bandh" against rising fuel prices evoked a mixed response in Punjab, Haryana and Union Territory Chandigarh.

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India is witnessing a surge in the prices of diesel and petrol like never before. Nearly half of the retail selling price of the two fuels is made up of Central and State taxes.

West Bengal Chief Minister Mamata Banerjee, who is among the strongest critics of BJP, said she "in principle" supported the issue on which the Bharat Bandh was called but not the bandh.

TDP had opposed the demand of the opposition parties to bring the fuel products under the ambit of GST, claiming that fuel products were among the major contributors of tax revenues for the states.

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Law minister Ravi Shankar Prasad on Monday blamed Organization of Petroleum Exporting Countries (OPEC) for the surge in worldwide prices of crude and said that the solution for the fuel price hike in not in government hands.

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