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Business News/ Market / Stock-market-news/  Petrol, diesel prices hiked once again today amid protests in several states
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Petrol, diesel prices hiked once again today amid protests in several states

Prices of both petrol and diesel were increased by 23 paise today after which a litre of petrol now costs ₹88.12 in Mumbai while diesel costs ₹77.32. Check for rates in other cities.

Protest against fuel price hike in Agartala. Since mid-August, petrol price has risen by over Rs 3.5 a litre and diesel by about Rs 4 per litre as rupee hit record low against the US dollar, making imports costlier. Photo: AFPPremium
Protest against fuel price hike in Agartala. Since mid-August, petrol price has risen by over Rs 3.5 a litre and diesel by about Rs 4 per litre as rupee hit record low against the US dollar, making imports costlier. Photo: AFP

New Delhi: Prices of petrol and diesel continued to rise today even as the Congress observed a Bharat Bandh from 9 am to 3 pm over rising fuel prices. Both petrol and diesel prices were hiked by 23 paise after which a litre of petrol costs 88.12 in Mumbai while diesel costs 77.32. Fuel prices vary from state to state due to taxes and it is the highest in Mumbai.

In Delhi, petrol costs 80.73 and diesel 72.83. In Bengaluru, petrol price is 83.36 and diesel is 75.18. In Hyderabad, petrol costs 85.60 and diesel 79.22. In Chennai, petrol costs 83.91 and diesel 76.98. In Kolkata, petrol costs 83.61 and diesel 75.68.

In Delhi, Congress president Rahul Gandhi led the protest from Rajghat. The impact of Bharat Bandh is so far seen in various pockets of several states like Bihar, Gujarat, Telangana and Andhra Pradesh. Although the Shiv Sena has not joined the strike in Maharashtra but Raj Thackeray led Maharashtra Navnirman Sena (MNS) has extended its full fledged support to the Bharat Bandh.

Just a day ahead of the Bharat Bandh, BJP-ruled Rajasthan has reduced VAT on petrol and diesel by 4%. The move by Chief Minister Vasundhara Raje will lead to a reduction in the two automobile fuel prices by 2.5 per litre.

Congress has been demanding that to combat the rising fuel prices the central government must reduce excise duty on petrol and diesel. Another demand is to bring it under the ambit of GST which will ensure that prices are uniform across the country. The finance ministry has already rejected it.

Since mid-August, petrol price has risen by over 3.5 a litre and diesel by about 4 per litre as rupee hit record low against the US dollar, making imports costlier. Global crude oil prices also continue to be under pressure.

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Published: 10 Sep 2018, 09:50 AM IST
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