Fuel prices resume upward climb

MUMBAI/DIMaPUR, OCT 8 (NPN) | Publish Date: 10/8/2018 11:46:14 AM IST

Despite the excise duty cut on fuel process, petrol and diesel prices have been on the rise again. 

In Mumbai, petrol and diesel prices have gone up by 21 paise per litre and 31 paise per litre.

In the national capital Delhi, petrol and diesel prices stood at Rs 82.03 per litre Rs 73.82 per litre, respectively.

Meanwhile, in Nagaland’s commercial hub, Dimapur diesel prices went up by 33 paise per litre and petrol by 26 paise per litre costing Rs. 69.34 and Rs. 77.69 respectively. In Kohima, petrol cost Rs. 79.80 per litre and diesel Rs.69.89.

Before the excise duty cut, fuel prices had risen by the highest since mid-August as compared to any six-week hike since the daily price revision in June 2017.

After the Centre cut excise duty by Rs 1.50 per litre and asked PSU oil firms to subsidise fuel by Re 1, the Nagaland government also announced a matching Rs 2.50 cut in fuel prices.

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