Surge in fuel prices continues, petrol over Rs 91 per litre in Mumbai

Fuel prices have been witnessing a steep rise since the past few weeks

fuel price hike
An employee stands next to a pump at a fuel station in New Delhi | Photo: Reuters
BS Web Team
Last Updated : Oct 02 2018 | 11:46 AM IST
Petrol and diesel prices continued the upward trend across the country as the fuel prices entered new record height on Monday.

The petrol price was hiked by 12 paise in Delhi and Kolkata, 7 paisa in Mumbai and Rs 13 paise in Chennai.

The diesel price was hiked by 16 paise in Delhi and Kolkata, Rs 7 paise in Mumbai, 17 paise in Chennai.

After the revision, petrol is being sold at Rs 83.85 per litre in Delhi and diesel costs Rs 75.25 per litre. 

In Mumbai, the country's financial capital, A litre of petrol now costs Rs 91.15 and diesel is being priced at Rs 79.79.

In Chennai, petrol price is Rs 87.18 per litre and diesel is Rs 79.57 per litre.

In Kolkata, petrol now costs Rs 85.65 per litre and diesel Rs 77.10 per litre.

With petroleum still excluded from the GST regime, prices vary according to local taxes. Delhi has lower tax among the four major metros.

The recent surge in transportation fuel prices comes amidst rising global crude oil prices and the fall in value of rupee against dollar.

As per India's pricing mechanism, the domestic fuel prices depend upon the international fuel prices on a 15-day average and the value of the Indian rupee.

Fuel prices have been witnessing a steep rise since the past few weeks.

Petrol:

City New rates (Rs) Previous rates (Rs) (on Oct. 1) Hike (paise)
Delhi 83.85 83.73 12
Mumbai 91.15 91.08 7
Chennai 87.18 87.05 17
Kolkata 85.65 85.53 12


Diesel:

City New rates (Rs) Previous rates (Rs) (on Oct. 1) Hike (paise)
Delhi 75.25 75.09 16
Mumbai 79.79 79.72 7
Chennai 79.57 79.40 17
Kolkata 77.10 76.94 16

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Next Story