Petrol, diesel price hit record level, now above Rs 87 in Mumbai

After a gap of a day on September 5, fuel prices in India continue to trend from one record high to the next. Followed by the fall in rupee and rise in crude oil rates, the state-run Oil Marketing Companies raised fuel rates.

On Friday, a litre petrol costs Rs 79.99 in the national capital and Rs 87.39 in Mumbai. A litre diesel is priced at Rs 72.07 in Delhi and Rs 76.51in Mumbai.

Former finance minister P Chidambaram on Monday asked the government to bring petrol and diesel under the Goods and Services Tax (GST) regime. When the GST was implemented from July 1 last year, the council kept fuel prices out of the regime.

Slamming the BJP-led government over rising petrol prices and depreciating value of rupee against the US dollar, AP CM N Chandrababu Naidu on Monday has said petrol prices will touch Rs 100 per litre soon. While addressing media in the state, the CM added that the rupee value would also touch Rs 100 against one US dollar.

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