Petrol price near Rs 88/litre in Mumbai, Diesel hovering at Rs 76.98/litre

The soaring prices are continuing to burn a hole in the pockets of commuters, one of whom feels he may have to avail bank loans to pay for fuel.

Published: 08th September 2018 11:15 AM  |   Last Updated: 08th September 2018 04:13 PM   |  A+A-

Petrol Pump_EPS

Representational Image. | (File | EPS)


NEW DELHI: Fuel prices have yet again witnessed a fresh hike, with petrol being sold at a record high rate of Rs. 80.38 per litre in New Delhi, and diesel at Rs 72.51 per litre.

As per the Indian Oil Corporation, a price hike of 39 paise and 44 paise per litre was implemented on petrol and diesel, respectively, in the national capital.

On the other hand, the price of petrol rose to Rs 87.77 per litre in Mumbai, while diesel is being sold at 76.98 per litre.

The soaring prices are continuing to burn a hole in the pockets of commuters, one of whom feels he may have to avail bank loans to pay for fuel.

Also Read | Keeping Iranian oil flowing to India no easy task under US sanctions

Meanwhile, a local from Mumbai urged the government to intervene in the matter.

"The way the prices are increasing with each passing day, it seems that it would cross Rs. 100 per litre. It's only the common man who is getting affected due to this. The government should take some steps and do something about it," he told ANI.

Read | Petrol price hike: UDF, LDF announce 12-hour hartal in Kerala on September 10

While the government has maintained that depreciation of the Indian Rupee against the U.S dollar and a hike in global crude oil prices is causing a surge in domestic oil prices, citizens and the Opposition alike feel the Narendra Modi government is not doing enough to curb rising oil prices.

Petrol on fire: How prices have risen since August 15

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  • vishal

    the Indian commuter has to think of an alternative rather wasting money on Petrol. An electric two wheeler will go a long way in mitigating this waste of money on fuel. Initially it will be difficult to adjust with a electric vehicle but one will get accustomed to it in the long run.
    5 months ago reply
  • Pal Singh

    Why country men are quiet ?
    5 months ago reply
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