Diesel, Petrol prices soar up across states
Some states such as Maharashtra and Gujarat, responding to Centres request to cut local duties, also reduced VAT on petrol and diesel. In these states, price rise has been slower.
With the crude oil surges on good demand, diesel prices soared in the country, peaking in Delhi and touching a three year high in Kolkata and Chennai.
On Tuesday, diesel was sold at Rs 59.31 per litre in Delhi, at Rs Rs 61.97 in Kolkata and Rs 62.48 per litre in Chennai. The petrol prices were also highest ever since October 10 in these three states. Petrol was sold for Rs 69.63 a litre in Delhi.
The diesel prices are highest ever since September 2014, as per ET report. The diesel price in Mumbai was Rs 62.75 a litre, highest since October 3.
The current rise in crude oil prices seems to have erased that gain for consumers in several places in the country, the report said.
Some states such as Maharashtra and Gujarat, responding to Centre's request to cut local duties, also reduced VAT on petrol and diesel. In these states, price rise has been slower.
Higher diesel prices mean increased cost for transporters, farmers and all those dependent on diesel-generated power.
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