Fuel prices hit fresh record high; Petrol now costs Rs 90.35/ litre in Mumbai
Updated : October 04, 2018 09:16 AM IST
In Delhi NCR, Chennai and Kolkata, the petrol prices were at Rs 83 per litre, Rs 86.28 per litre and Rs 84.82 per litre. Diesel prices in the three metros rose to Rs 74.24 a litre, Rs 78.49 per litre and Rs 76.09 per litre, respectively.
Ahead of the US sanctions, kicking in from November 4 on Iran, crude prices have been on an upward spiral with Brent prices reaching up to $80 a barrel.
Even as petrol and diesel prices are scaling new highs every day, petroleum minister Dharmendra Pradhan on Wednesday said reducing taxes on these items will not have any lasting impact due to the continuing volatility in crude prices.