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Petrol touches ₹100/litre in some cities, here's why it's so costly


Petrol touches ₹100/litre in some cities, here’s why it’s so costly
A petrol pump attendant waits for customers
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Fuel prices are on the rise again. On Tuesday, petrol cost Rs89.29 a litre in Delhi, while diesel cost Rs79.70 a litre. In some parts of India, for example in Rajasthan and Madhya Pradesh, petrol even crossed the Rs100 mark for the first time.
Part of the reason is recovering crude oil prices, even as central and state taxes remain a pain point. These taxes were raised last year as the pandemic dried up other revenue sources for the government. The elevated taxes kept fuel prices up in India even though crude oil prices had crashed and stayed low for much of 2020. ....

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Fuel prices on a roll but no hint of any government tax cut


Fuel prices on a roll but no hint of any government tax cut
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Fuel prices on a roll but no hint of any government tax cut
Sanjay Dutta / TNN / Jan 14, 2021, 20:41 IST
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NEW DELHI: Petrol price remained on a roll, claiming a new peak at Rs 84.70 a litre in the national capital and 2 paise short of its all-time high of Rs 91.07 in the country’s financial capital Mumbai on Thursday.
Diesel price too rose as retailers continued to pass on the staggered impact of crude’s week-long rally. After the latest hike, diesel cost Rs 74.88 a litre in Delhi and Rs 81.60 in Mumbai. ....

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