Petrol, diesel prices at highest-ever levels on rupee woes

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Nagpur: Petrol and diesel prices in the country touched their highest levels Monday mainly due to dramatic fall in rupee and a sharp rise in crude oil rates. Petrol price in Nagpur rose to a record Rs 86.52 a litre and diesel climbed to a fresh high of Rs 74.37, according to price notification of state-owned fuel retailers.

This follows 65 paise/litre hike in prices on Monday. The rate in Mumbai was Rs 86.24 per litre. A litre of petrol in Mumbai costs Rs 86.56 on Monday.

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Prices in Delhi are the cheapest in all metros and most state capitals due to lower sales tax or VAT. Diesel rates on Monday were hiked by 39 paise a litre, the steepest increase since the daily revision in prices was introduced in mid-june 2017. Diesel now costs Rs 75.54 per litre in Mumbai.