Fuel price hike continues! Petrol touches Rs 92 in Maharashtra; Check revised rates here

Fuel prices continue its record breaking upward move with Oil Marketing Companies (OMCs) further increasing the petrol and diesel prices across the country.

Petrol prices have witnessed a hike of 8 per cent while diesel rates have gone up by 10 per cent since August 1, 2018. (Image: AFP)

Fuel prices continue its record breaking upward move with Oil Marketing Companies (OMCs) further increasing the petrol and diesel prices across the country. In the national capital rates of petrol and diesel was increased by Rs 0.24 and Rs 0.30 respectively. Currently a litre of petrol is being retailed at Rs 83.73 and diesel costs Rs 75.09 in Delhi. Likewise in Mumbai, petrol and diesel prices were hiked by Rs 0.24 and Rs 0.32 respectively. Mumbai is retailing a litre of petrol at Rs 91.08 and diesel at Rs 79.72. Prices moved to new highs even in other metro cities of the country as well. While petrol costs Rs 85.54 a litre in Kolkata, Rs 84.39 in Bengaluru and Rs 87.04 in Chennai diesel prices moved to Rs 76.94, Rs 75.47 and Rs 79.38 in these cities. In Maharashtra petrol rates in some districts have even crossed Rs 92 mark making it the highest in the country. As per the data released by the oil marketing companies, petrol prices have witnessed a hike of 8 per cent while diesel rates have gone up by 10 per cent since August 1, 2018. Not just petrol and diesel but even petroleum products including liquefied petroleum gas (LPG) prices were increased on Sunday. LPG prices were hiked by Rs. 2.89 per cylinder to Rs. 502.4 per cylinder and the non-subsidised LPG costs at Delhi were increase by Rs. 59.00 per cylinder for October 2018. According to Indian Oil Corporation, the hike in LPG rates was made mainly due to change in international price and foreign exchange fluctuations. “The actual impact on subsidised domestic LPG customers is only Rs. 2.89 per cylinder, which is mainly due to GST on the above,” news agency PTI quoted IOC as saying. However, IOC also stated the subsidy transfer in customers' bank account has been increased to Rs. 376.60 per cylinder in October 2018 as against Rs. 320.49 per cylinder in September 2018. This means that the domestic subsidied LPG customer is protected against the increase in prices of LPG.