Fuel prices continued their record rally on Tuesday, with petrol prices at Rs 90.22 a litre in Mumbai while diesel prices jumped to Rs 78.69 a litre.
In Delhi NCR, Chennai and Kolkata, the petrol prices were at Rs 82.86 per litre, Rs 86.13 per litre and Rs 84.68 per litre. Diesel prices in the three metros also rose to Rs 74.12 a litre, Rs 78.36 per litre and Rs 75.97 per litre, respectively.
Domestic fuel prices have been surging since mid-August due to various factors including rupee depreciation, high excise duty and rise in brent crude oil rates, which was up 19 cents, or 0.2 percent at $81.39 per barrel on Tuesday.
As per the country's pricing mechanism, the domestic fuel prices are dependent upon the international fuel prices on a 15-day average and the value of rupee.
In Mumbai, city Congress party president Sanjay Nirupam termed the latest fuel price index as a "Black Day" in the state's history with petrol in 13 cities breaching the Rs 90/litre-mark.
"States like Andhra Pradesh, Karnataka, West Bengal, Rajasthan and others have already reduced taxes on fuel. Why can't chief minister Devendra Fadnavis follow suit and reduce people's misery," Nirupam said.
He pointed out that the direct consequence is the galloping inflation with prices of FMCGs, fruits and vegetables, oils and electrical items shooting up at the height of the festival season.
First Published: IST