Petrol price on Friday crossed Rs 92 a litre mark in Mumbai, while diesel touched an all-time high after rates were raised for the third time this week.
Petrol and diesel prices were hiked by 25 paise per litre each, according to a price notification from oil marketing companies.
This took the petrol price in Delhi to Rs 85.45 per litre and Rs 92.04 in Mumbai.Diesel rate climbed to Rs 75.63 a litre in the national capital - its highest ever. In Mumbai, diesel price too increased to an all-time high of Rs 82.40, the price data showed.Petrol and diesel prices were raised by 25 paise per litre each on January 18 and 19.
Fuel prices are now at a record high in the country, prompting cries for a cut in excise duty to ease the burden on the consumers.Oil Minister Dharmendra Pradhan earlier this week blamed Saudi oil output cut for the surge in oil prices but remained non-committal on tax cuts.Top oil explorer Saudi Arabia has pledged additional voluntary output cuts of 1 million barrels per day in February and March, which has led to price climbing to most since the pandemic broke out.”A few months back, we all were discussing about consumption-centric revival, demand-driven revival, and we were supposed to restrict our production cut, and ramp-up (of production) gradually by January.