Petrol And Diesel Prices Up by 80 Paise Leading To A Hike Of Rs. 6.40 Within 10 Days

Prices of petrol and diesel have been increased for the 9th time today accumulating to a total increase of Rs. 6.40 in the last 10 days. Both petrol and diesel prices have gone up 80 paise per litre today, calling for a widespread criticism of the government by other political parties. Opposition parties allege that the almost daily hike in fuel prices is also due to the fact that the government refrained from hiking prices for four months due to assembly elections in five states, despite crude oil prices going up.

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Fuel prices have gone up due to rise in cride oil prices.

Earlier, some states have also criticised the government for not lowering the value added tax (VAT) saying that the Centre has already made record tax collections through excise duty to hedge against crude oil inflation, and that the benefits weren't passed on to customers. Prices weren't reduced despite crude oil prices dipping later. That said, the Centre argued that those gains were used for COVID relief and infrastructural development.

Petrol in Delhi is now priced at Rs. 101.81 per litre as against 101.01 per litre yesterday while diesel rates have gone up from 92.27 per litre to 93.07 per litre today. In Mumbai, petrol and diesel prices per litre clocked Rs. 116.72 and Rs. 100.94 respectively after prices were increased by 84 paise each. In Chennai, the price of petrol is Rs. 107.45 after an increase of 76 paise per litre while diesel is priced at Rs. 97.52 after being increased by 76 paise per litre today. In Kolkata, the price of petrol is Rs. 111.35 a litre and diesel is Rs. 96.22 per litre.