Consumers in choppy waters as petrol, diesel prices rise
February 09, 2021
Onus now on Central government to lower excise duty
Rising crude prices are once again pushing up petrol and diesel prices for Indian consumers, with the pressure mounting on the Central government to lower excise duty.
On Tuesday, after remaining stable for three days, the retail selling price of petrol and diesel in Mumbai rose to a record high of ₹93.83 per litre and ₹84.36 per litre, respectively.
Brent crosses $60
Prices have been soaring in January as global crude prices have climbed up. On Monday, Brent crude for April had crossed the $60 mark, and is likely to rise further as oil producing nations restrict their supply.