Petrol price hits record high in Chennai, rises around 30 paise in other metros
Petrol prices rose around 30 paise on Tuesday across the four metropolitan cities. In Delhi and Mumbai, the fuel was sold at Rs 76.87 and Rs 84.70 per litre respectively, up from Rs Rs 76.57 and Rs 84.40 on Monday.business Updated: May 22, 2018 15:26 IST
After reaching unprecedented highs in Delhi and Mumbai, petrol prices touched a record high in Chennai, at Rs 79.79 per litre on Tuesday.
With this, the fuel price breached its previous record of Rs 79.55 in the city, the level it hit in September 2013.
Across the four metropolitan cities, prices rose around 30 paise on Tuesday. In Delhi and Mumbai, the fuel was sold at Rs 76.87 and Rs 84.70 per litre respectively, up from Rs Rs 76.57 and Rs 84.40 on Monday.
Similarly in Kolkata, the price was at a near-five year high of Rs 79.53, up 29 paise from Monday.
In Chennai, the fuel cost rose by 32 paise from Monday’s price of Rs 79.47 per litre.
Prices of transportation fuel have been rising on the back of the recent surge in global crude oil prices and high excise duty in the country. On Tuesday, Brent crude oil was priced over $79 per barrel.
Diesel prices, which have already reached unprecedented levels, set new records across the country. In Delhi, Kolkata, Mumbai and Chennai, diesel was sold at Rs 68.08, Rs 70.63, Rs 72.48 and Rs 71.87 per litre, respectively.
There have been demands from various quarters, including industry associations such as FICCI and ASSOCHAM, for a reduction in fuel excise duties and inclusion of automobile fuels under the purview of the Gooods and Services Tax (GST).
On Monday, petroleum minister Dharmendra Pradhan said the government is considering ways to keep rising transport fuel prices in check.