After excise cut, fuel prices again on upswing
In the national capital petrol was priced at Rs 81.82 per litre up from Rs 81.68 on Saturday data on the IndianOil Corporation website showed.
Similarly petrol prices in Mumbai Kolkata and Chennai also rose on Sunday -- to Rs 87.29 in Mumbai Rs 83.66 in Kolkata and Rs 85.04 per litre in Chennai.
The prices vary from region to region due to local taxes as the product is excluded from the Goods and Services Tax regime. Delhi has the lowest tax rate among the four metro cities.
The increase in transport fuel prices comes amid a continuous surge in crude oil prices. UK Brent crude is around $85 per barrel.
On Thursday Union Finance Minister Arun Jaitley announced a cut in excise duty by Rs 1.50 a litre. Additionally the state-owned oil marketing companies have been mandated to reduce prices of petrol and diesel by Re 1 a litre.
In tandem with petrol the diesel prices also rose across the four metros on Sunday.
Diesel was selling in Mumbai at Rs 77.06 up from Rs 76.75 on Saturday. Prices in Delhi Kolkata and Chennai were Rs 73.53 Rs 75.38 and Rs 77.33 per litre respectively.
--IANS bc/tsb/sed