Tremendous Growth In 'GDP''': Rahul Gandhi's Dig Over Fuel Price Hike

Congress leader Rahul Gandhi addresses party workers during his election campaign in Coimbatore Saturday

With this, petrol is now priced at ₹85.70/litre in Delhi as against ₹85.45 a litre previously.

Fuel prices reached an all-time high on Saturday after rates were increased for the fourth time this week, reported PTI.

Diesel rate climbed to Rs 75.88 a litre in the national capital and to Rs 82.66 per litre in Mumbai, the price data showed.

Automobile fuels, mainly petrol, are sold at over Rs 90 per litre in some parts of the state.

Petrol is now being sold at Rs 85.70 per litre in Delhi and Rs 92.28 in Mumbai. In Chennai, petrol price is now ₹88.29 and diesel ₹81.14. The petrol and diesel prices were hiked nearly 25 paise per litre this morning by the oil companies.

Some petrol pump owners informed that the state government charges taxes at 31 per cent and 22.5 per cent on petrol and diesel, respectively. The price hike came as a result of the resumption of daily price revisions by state-owned fuel retailers like Indian Oil Corporation Ltd (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) starting January 6 after almost a month-long hiatus. The auto fuels had risen sharply by 25 paisa per litre each on Monday and Tuesday before OMCs chose to give relief to consumers from frequent price rise for last two days.

However, OPEC Secretary-General Mohammad Sanusi Barkindo who was also present at the conference, countered Pradhan saying the output cut was within the framework of last year's deal to cut output by about 9.7 million barrels per day and were aimed at keeping oil markets stable on a sustainable basis.

Petrol price was very close to breaching the all-time high level of Rs 84 a litre (reached on October 4, 2018) when it touched Rs 83.71 a litre on December 7, 2020. The price of petrol increased by Rs 0.26 while price of diesel increased by Rs 0.25. The price had been raised on six different days since then. The current price rise is largely on account of steep increase in the central taxes of petrol and diesel and firm crude prices. But the march had been halted ever since then with no price revision by the OMCs in the month. Due to rising fuel costs, the price of the whole grains and pulses which we buy from other parts of the state and country has started increasing.