Fuel Prices Continue to Rise, Petrol in Mumbai at Rs 87.94/Litre & Diesel at Rs 78.51/Litre
Petrol Price (Image used for representational purpose only) (Photo Credits: Pixabay)

Mumbai, October 12: Fuel rates continue to rise, causing immense trouble to the commuters. The rate for a litre of petrol in Mumbai is at Rs 87.94 per litre (increase by Rs 0.12) and diesel rate is at Rs 78.51 per litre (increase by Rs 0.29). Petrol on the other hand in Delhi is at Rs 82.48 per litre (increase by Rs 0.12) and diesel is being sold at the rate of Rs 74.90 (increase by Rs 0.28). Fuel Rates Continue to Rise, Petrol in Mumbai at Rs 87.82/Litre & Diesel at Rs 74.62 in Delhi.

On October 5, Union Finance Minister Arun Jaitley announced a cut in excise duty by Rs 1.50 a litre. Additionally, the state-owned oil marketing companies have been mandated to reduce the prices of petrol and diesel by Re 1 a litre, which reduced petrol prices by Rs 2.5 across the country.

Prices of petrol and diesel vary from region to region due to local taxes, as fuel is excluded from the Goods and Services Tax (GST) regime. The increase in transport fuel prices is mainly attributed to the surge in crude oil prices and the decline in value of rupee against US dollar.