The petrol and diesel prices saw yet another hike on Sunday, days after the central government cut excise duty on fuel.
Increasing by 14 paise, petrol in Delhi will now be available at Rs 81.82 per litre and diesel will be sold at Rs 73.53 after a hike of 29 paise. In Mumbai, petrol and diesel prices are Rs 87.29 (increase by Rs 0.14) and Rs 77.06 (increase by Rs 0.31), respectively.
The decision was announced by finance minister Arun Jaitley after he held a closed-door meeting with Prime Minister Narendra Modi and petroleum minister Dharmendra Pradhan. The Centre has reduced central excise duties by Rs 1.50 a litre while oil marketing companies have been asked to absorb Re 1 a litre, Jaitley said. Read more