Petrol price in Mumbai neared record Rs 95 per litre mark on Saturday as its rate as well as diesel prices were hiked for the fifth day in a row.<\/p>\n\n\n\n
Petrol price was increased by 30 paise per litre and diesel by 36 paise a litre, according to a price notification of state-owned fuel retailers.<\/p>\n\n\n\n
This took petrol price to an all-time high of Rs 88.414 a litre in Delhi while diesel rate climbed to Rs 78.74.<\/p>\n\n\n\n
In Mumbai, petrol price soared to Rs 94.93 per litre and diesel price jumped to record Rs 85.70 a litre.<\/p>\n\n\n\n
In five days this week, price has gone up by Rs 1.51 per litre for petrol while diesel rate has risen by Rs 1.56 a litre.<\/p>\n\n\n\n
The relentless hike in prices has been criticised by the opposition parties, including Congress that has demanded an immediate cut in taxes to ease the burden on the common man.<\/p>\n\n\n\n
However, Oil Minister Dharmendra Pradhan on Wednesday had told Parliament that the government is not considering a reduction in excise duty to cool rates from their record highs.<\/p>\n\n\n\n
Rates have risen as international oil prices touched USD 61 per barrel for the first time in more than a year on improving demand outlook amid the global rollout of COVID-19 vaccines, he had said.<\/p>\n\n\n\n
Central and state taxes make up for over 61 per cent of the retail selling price of petrol and about 56 per cent of diesel.<\/p>\n\n\n\n
The Union government levies Rs 32.9 per litre of excise duty on petrol and Rs Rs 31.80 a litre on diesel.<\/p>\n\n\n\n
Retail petrol rates have risen by Rs 18.87 per litre since mid-March 2020 after the government raised taxes by a record margin to mop up gains arising from fall in international oil prices. Diesel rates have gone up by Rs 16.45.<\/p>\n\n","protected":false},"excerpt":{"rendered":"
Petrol price in Mumbai neared record Rs 95 per litre mark on Saturday as its rate as well as diesel prices were hiked for the fifth day in a row. Petrol price was increased by 30 paise per litre and diesel by 36 paise a litre, according to a price notification of state-owned fuel retailers. This took petrol price to an all-time high of Rs 88.414 a litre in Delhi while diesel rate climbed to Rs 78.74. In Mumbai, petrol price soared to Rs 94.93 per litre and diesel price…<\/p>\n","protected":false},"author":1,"featured_media":29445,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[6,4],"tags":[],"_links":{"self":[{"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/posts\/29465"}],"collection":[{"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dinnews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29465"}],"version-history":[{"count":1,"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/posts\/29465\/revisions"}],"predecessor-version":[{"id":29466,"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/posts\/29465\/revisions\/29466"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/media\/29445"}],"wp:attachment":[{"href":"https:\/\/dinnews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dinnews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dinnews.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}