Bad News : Petrol diesel prices witnesses high increase again

Oct 13 2018 08:44 AM
Bad News : Petrol diesel prices witnesses  high increase again

New Delhi: Petrol and diesel prices across the country regularly has been witnessing increase for past 2 months. Today Petrol and diesel prices in the national capital Delhi are Rs 82.66 per litre increased by Rs 0.18 and Rs 75.19 increased by Rs 0.29 respectively. Petrol and diesel prices in the financial capital Mumbai are Rs 88.12 per litre increased by Rs 0.18 and Rs 78.82 per litre increased by Rs 0.31 respectively.

In the national capital Delhi on Friday the fuels are being retailed for Rs 82.48 and Rs 74.90 per litre.

Fuel prices have been gradually increasing each day regardless of a cut in central excise duty last week. A number of states also cut on levies but a strong dollar and factors in the global market have resulted in the daily price change by oil companies continuing to witness a rising .

Earlier in the week, global credit ratings, research and risk analysis firm Moody`s Investors Service on Tuesday stated the current decrease in excise cuts on fuel prices will create material downside risks to the central government`s fiscal deficit objective.

 Worth mention here as the state assembly elections around the corner fuel prices could become a key point to take on PM Modi led BJP government .Opposition parties have been continually demanding that fuel prices be brought under Goods and Services Tax (GST).

 

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