New Delhi: Petrol and diesel prices across the country witnessed another increase. In the national capital Delhi on Friday the fuels are being retailed for Rs 82.48 and Rs 74.90 per litre.
Petrol and diesel prices in Delhi are Rs 82.48 per litre which is increased by Rs 0.12 and Rs 74.90 increased by Rs 0.28 respectively. While in the financial capital Mumbai Petrol and diesel prices are Rs 87.94 per litre increased by Rs 0.12 and Rs 78.51 per litre increased by Rs 0.29 respectively.
Fuel prices have been gradually increasing each day regardless of a cut in central taxes 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).