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Petrol, diesel prices continue to rise, at record high

Political parties have been demanding that the petrol and diesel be brought under GST so that duties on them can come down that will reflect in lower prices at the pump.

Petrol, diesel prices continue to rise, at record high

Petrol, diesel price hike (Representational Photo: Getty Images)

The fuel prices continue to soar with petrol being sold at Rs 90.75 in Mumbai. On Saturday, the petrol went up by 18 paise per litre and diesel prices rose by over 20 paise per litre.

In Delhi, while the petrol costs 83.40, diesel price is Rs 74.63 per litre.

As far as other major cities are concerned, petrol is being sold at Rs 85.21, Rs 86.70, Rs 90.52 and Rs 84.06 in Kolkata, Chennai, Pune and Bangalore, respectively.

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As the government is facing fire over the soaring fuel prices, Finance Minister Arun Jaitley on Friday parried questions on whether the government was considering a cut in taxes on imported crude to bring down the prices of petrol and diesel.

“It was not in the agenda,” he said at a media briefing to a question on whether the government was considering any relief measure to cool the fuel prices that have been breaking records for a month now.

Political parties, including Congress, have been demanding that the petrol and diesel be brought under GST so that duties on them can come down that will reflect in lower prices at the pump.

On Thursday, a senior Finance Ministry official said reducing overall consumption of petrol and diesel in the country is part of an overall exercise to cut down on Current Account Deficit (CAD), apart from reducing non-essential imports and boosting exports.

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