Petrol, Diesel price hiked again by 80 Paise, Costlier by Rs 8 per litre in 13 days

Petrol, diesel prices were on Sunday once again hiked by 80 paise a litre each; taking the total increase in rates to Rs 8 a litre in less than two weeks. In Delhi, Price of petrol and diesel in Delhi is at Rs 103.41 per litre and Rs 94.67 per litre respectively today (increased by 80 paise) while in Mumbai, the petrol and diesel prices per litre at Rs 118.41 (increased by 84 paise) and Rs 102.64 (increased by 85 paise).

In Chennai, the petrol and diesel prices per litre at Rs 108.96 (Increased by 75 paise) and Rs 99.04 and in Kolkata, the price of petrol is Rs 113.03 (increased by 84 paise) and diesel is Rs 97.82 (increased by 80 paise).

Rates have been increased across the country and vary from state to state depending upon the incidence of local taxation. This is the 11th increase in prices since the ending of a four-and-half-month long hiatus in rate revision on March 22.

Notably, on November 3 last year the Centre had cut excise duty by Rs 5 per litre on petrol and Rs 10 per litre on diesel to bring down the retail prices across the country. Following this, several state governments had reduced Value-Added Tax (VAT) on petrol and diesel to provide relief to people.