The Centre has increasingly depended on petrol and diesel to raise resources for its welfare programmes
A failure to resolve a rare standoff between the UAE and Saudi Arabia could push global crude oil prices up further
Mamata Banerjee also urged PM Modi to desist from hiking cess on petrol and diesel that allows the Centre to keep the revenue with itself
Petrol price was increased by 35 paise per litre and diesel by 18 paise a litre, according to a price notification from state-owned fuel retailers
Petrol and diesel prices remained unchanged on July 1 across the country for the second straight day. The auto fuel prices had touched a new all-time
In Mumbai, a litre of petrol will cost Rs 104.90 and diesel Rs 96.72. Currently, fuel prices are highest in Mumbai among all metro cities.
In Delhi, petrol hit an all-time high of Rs 98.46 a litre, while diesel is now priced at Rs 88.90 per litre
Petrol prices have breached over Rs 100 per litre in many places, and diesel prices are also closing in on the three-digit mark in some pockets
The auto fuel prices touched a new all-time high on Thursday, with petrol and diesel becoming costly by 26 paise and 7 paise per litre respectively
Petrol prices have already crossed the Rs 100-mark in seven states and union territories