For the ninth day in row, petrol prices have been hiked, and currently, the petrol price per liter following a 31 paise hike stands at Rs.86.56 in Mumbai – an all time record high. In other metros, the cost of petrol touched Rs.79.15 per liter in Delhi – a record high as well, Rs.82.60 per liter in Kolkata, and in Chennai, the cost of petrol currently stands at Rs.82.26 per liter. In Mumbai, the price of diesel has been hiked by 42 paise and stands at a record high of Rs.75.54 per liter.
According to opposition parties, as per a Financial Express report, they have accused the Central Government of selling fuel to other countries for cheaper rates than the price which they offer it for in the Indian market. According to the opposition, the the Government has earned a profit of Rs.11 crore just on the taxes imposed on fuel.
That said, in the United States, the price of crude oil has dipped, despite rumours that Iran is all set to tighten their distribution of oil globally.
Source: Financial Express