The petrol prices in India on Monday were highest in five years.
The
petrol prices in India on Monday were highest in five years. The petrol were retailing at highest in five years at Rs 74.50 a litre. This is the highest level under the PM Narendra Modi led government. The price of diesel too was at record high of Rs 65.75. The peak prices had made the calls for cutting excise duty on petro products stronger.
Both
petrol and diesel prices are the highest since September 14, 2013 when rates had hit Rs 76.06. Diesel price at Rs 65.65 are the highest ever.
On Monday, the petrol prices were hiked by 10 paise, the Indian Oil Price notification stated.
In New Delhi, petrol was retailing at Rs 74.50 per litre while in Mumbai it was selling at Rs 82.35 per litre.
Below we have listed out the prices of petrol in major cities:
| Cities |
| AMBALA |
Rs 74.53 |
| BANGALORE |
Rs 75.58 |
| BHOPAL |
Rs 79.95 |
| BHUBANESHWAR |
Rs 73.24 |
| CHANDIGARH |
Rs 71.55 |
| CHENNAI |
Rs 77.19 |
| DEHRADUN |
Rs 76.15 |
| DELHI |
Rs 74.4 |
| FARIDABAD |
Rs 75.16 |
| GHAZIABAD |
Rs 75.58 |
| GURGAON |
Rs 74.92 |
| GUWAHATI |
Rs 76.49 |
| HYDERABAD |
Rs 78.79 |
| JAIPUR |
Rs 77.09 |
| JAMMU |
Rs 76.18 |
| KOLKATA |
Rs 77.1 |
| LUCKNOW |
Rs 75.65 |
| MUMBAI |
Rs 82.25 |
| NOIDA |
Rs 75.69 |
| PATNA |
Rs 79.91 |
| PONDICHERRY |
Rs 73.2 |
| RAIPUR |
Rs 74.84 |
| RANCHI |
Rs 74.81 |
| SHIMLA |
Rs 74.54 |
| SRINAGAR |
Rs 78.78 |
| THIRUVANANTHAPURAM |
Rs 78.37 |
India has the highest retail prices of petrol and diesel among South Asian nations as taxes account for half of the pump rates.
FM Arun Jaitley had raised excise duty nine times between November 2014 and January 2016 to shore up finances as global oil prices fell, but then cut the tax just once in October last year by Rs 2 a litre.
Subsequent to that excise duty reduction, the Centre had asked states to also lower VAT, but just four of them - Maharashtra, Gujarat, Madhya Pradesh and Himachal Pradesh - reduced rates while others including BJP-ruled ones ignored the call.
The central government had cut excise duty by Rs 2 per litre in October 2017, when petrol price reached Rs 70.88 per litre in Delhi and diesel Rs. 59.14. Because of the reduction in excise duty, diesel prices had on October 4, 2017, come down to Rs 56.89 per litre and petrol to Rs 68.38 per litre.
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 "With Rs 82.35 for a litre, petrol prices reach 5-year high: Check out rates in your city")
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