Petrol just 20 paise shy of touching 90-mark in Mumbai, diesel unchanged for 4th consecutive day

Petrol just 20 paise shy of touching 90-mark in Mumbai, diesel unchanged for 4th consecutive day
At Rs 89.80 per litre, the price of petrol is just 20 paise shy of touching the Rs 90 mark (Representational Image)

The upward trend in the price of petrol in Mumbai – now just 20 paise shy of touching the Rs 90 mark – continued on Saturday (September 22), while the cost of diesel remained unchanged for the fourth consecutive day.

According to a price notification of state-owned fuel retailers, the cost of petrol was hiked by 11 paise in Mumbai and 12 paise in New Delhi today.

As a result, petrol price in Mumbai has touched Rs 89.80 per litre, while diesel is being sold at Rs 78.42 per litre. Meanwhile, in New Delhi, petrol is retailing at Rs.82.44 per litre, while diesel continues to be sold at Rs 73.87 per litre.

Fuel prices have been witnessing a steep rise since mid-August.

While the Opposition has blamed the union government for neglecting and failing to curb fuel prices, the latter has maintained that global crude oil prices and other international factors like the dip in rupee value against the US dollar have led to a hike in prices of petroleum products.

Meanwhile, Department of Economic Affairs Secretary Subhash Chandra Garg on Friday said that discussions are taking place with the United States regarding reduction of oil imports from Iran.

“We are in talks with the USA and they told us to reduce the import from Iran significantly. We have done that to some extent. As clarity in the situation emerges, steps will be taken accordingly by the government by November 4,” he told news agency ANI.

If needed, discussions will be held on trading of oil in terms of the Indian Rupee, Garg said.


Related: After backlash, Maharashtra may hike tax on alcohol to subsidise fuel rates


 

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