Petrol crosses Rs 91/litre in Mumbai, in Delhi nears Rs 84

The petrol price crossed the Rs 91 per litre mark in Mumbai on Monday as transport fuel prices continued on their daily record-breaking movement with petrol going up on the day by 24 paise a litre and diesel by 30 paise.

In the country's financial capital, petrol on Monday cost Rs 91.08 per litre, up from Rs 90.84 on Sunday, data on the Indian Oil Corp website showed.

Petrol prices in the other key cities of Delhi, Kolkata and Chennai on Monday were Rs 83.73 , Rs 85.53 and Rs 87.05 per litre respectively -- all new levels -- higher than the respective highs of Rs 83.49, Rs 85.30 and Rs 86.80 on the previous day.

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

The increase in transport fuel rates comes amid surging crude oil prices. Currently, Brent crude oil is priced over $83 per barrel.

Sector experts also attribute the high domestic fuel prices to the high rate of excise duty across the country.

In tandem with petrol, cost of diesel also rose to hit new highs on Monday.

Prices of the fuel in Delhi, Kolkata, Mumbai and Chennai were Rs 75.09, Rs 76.94, Rs 79.72 and Rs 79.40 a litre respectively, up from the Sunday's Rs 74.79, Rs 76.64, Rs 79.40 and Rs 79.08 respectively.

--IANS

bc/prs