Business

Petrol prices soars further; now highest in incumbent govt’s tenure

Even the diesel rates touched a record high of ₹65.65 and there are now renewed calls for cut in excise duty to ease burden on consumers

With state elections nearing, the petrol prices continue to soar and has hit ₹74.40 a litre.

This is the highest level, the petrol prices have touched since the BJP government came to power.

Even the diesel rates touched a record high of ₹65.65 and there are now renewed calls for cut in excise duty to ease burden on consumers.

Meanwhile, the state-owned oil firms, which have been since June last year revising auto fuel prices daily, on Sunday raised petrol and diesel rates by 19 paisa per litre each in Delhi.

Petrol in the national capital now costs ₹74.40 a litre, the highest since September 14, 2013 when rates had hit ₹76.06.

Again, the diesel price at ₹65.65 are the highest ever.

This is amid the efforts on the part of oil ministry earlier this year to seek a reduction in excise duty on petrol and diesel to cushion the impact arising out of international oil rates.

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