Fuel price hike: Petrol, diesel prices breach record levels on Friday
09 September, 2018, 10:29 | Author: Mary Valdez
Petrol and diesel prices shot up once again today by around 50 paise to reach fresh record high levels. An official told the daily that the government can not, "disturb fiscal maths by cutting excise duty on petrol and diesel". Meanwhile, Diesel prices, increased by Rs 0.52 per litre (Rs 72.07 per litre) in Delhi and by Rs 0.55 per litre (Rs 76.51) in Mumbai today. The school bus operators and other federations of the transport industry are also demanding bringing petrol and diesel under the ambit of Goods and Services Tax (GST).
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The government has been under enormous pressure to cut taxes on fuel as the prices have breached the previous record high hit on May 29.
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In Kolkata, the price of petrol has been increased to ₹82.88 per litre while the diesel price has gone up to ₹74.92 per litre.
Mumbai has the highest Value-Added Tax of 39.12 per cent on petrol, while Telangana levies the highest Value-Added Tax of 26 per cent on diesel.
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