Petrol, diesel prices scale new highs

Source: The Hitavada      Date: 10 Sep 2018 08:31:49


 

NEW DELHI,

PETROL and diesel prices set new records on Sunday as they continued their upward march on fall in rupee and surge in global crude oil rates. Petrol price was on Sunday raised by 12 paise a litre and diesel by 10 paise per litre, according to the price notification issued by State fuel retailers.


The increase pushed the petrol price in Delhi to Rs 80.50 per litre. Diesel rate touched its highest level of Rs 72.61 a litre.Fuel prices in Delhi are the cheapest among all metros and most State capitals due to lower taxes. Opposition parties have called for a nation-wide ‘Bharat Bandh’ on Monday (September 10) to protest against the spiralling fuel prices. They blame the Government’s unwillingness to cut excise duty for the high fuel prices and consumer burden.


Since mid-August, petrol price has risen by Rs 3.42 a litre and diesel by Rs 3.84 per litre as rupee hit record low against the US dollar, making imports costlier. Almost half of the retail selling price of the two fuels is made up of central and state taxes. According to oil companies, petrol at refinery gate costs around Rs 40.50 a litre and diesel Rs 43.


Cong appeals party workers to ensure violence-free Bharat bandh: THE Opposition Congress, which has called for a nationwide shut down on Monday over rising fuel prices and depreciation of the rupee, has appealed party workers to maintain peace and not to associate with any violent protests. It said 21 Opposition parties are supporting the Bharat bandh, besides a number of chambers of commerce and traders’ associations. Party demanded that petrol and diesel should be brought under GST, by which oil prices could drop by about Rs 15 to Rs 18. “I appeal all Congress workers to make the bandh violence-free. We are Mahatma Gandhi’s party and we should not associate ourselves with any violence,” Congress spokesperson Ajay Maken said at a media briefing.