Fuel price hike: Petrol prices continue to rise; Rs 90.35 in Mumbai

Fuel price hike: Petrol prices continue to rise; Rs 90.35 in Mumbai

Experts in the oil industry have speculated that prices of petrol could hit a "century" (Rs 100 mark) in Mumbai well before Diwali. A litre of petrol touched Rs. 90.57 per litre in Mumbai, while diesel was capped at Rs. 79.01 per litre. Diesel, on the other hand, is priced at Rs 78.82 per litre in Mumbai and Rs 76.09 per litre in Kolkata.

The UAE has set fuel prices against global averages since August 2015 and they're announced on about the 28th of every month, when we'll share them with you.

The fuel prices continue to rise as petrol crossed Rs 83/liter and diesel touched Rs 74.24 mark in Delhi on Thursday.

Fuel prices across the country maintained an upward surge on Thursday with petrol now coming at Rs 83 per litre in Delhi.

Petrol prices at Asda will fall by up to 2p a litre following a drop in wholesale costs.

2 seasoned Florida pilots killed in SC jet crash
The Marine version of the aircraft includes a downward facing ducted fan that allows for short takeoffs and vertical landings. It also comes the same day that manufacturer Lockheed Martin announced lower prices for the 11th batch of aircraft.

Ahead of the U.S. sanctions, kicking in from November 4 on Iran, crude prices have been on an upward spiral with Brent prices reaching up to $80 a barrel.

Amid the growing unrest, Maharashtra Finance Minister Sudhir Mungantiwar on Wednesday clarified that the state would lose revenue to the tune of Rs 2,200 crore per year or Rs 6 crore per day if it slashes the prices of petrol and diesel by even Re 1 per litre. There has been a demand to bring fuel under the purview of Goods and Services Tax (GST) to bring down the prices.

Interestingly, the fuel station of public sector oil retailers have already started the process of calibrating their dispensing machines to take care of three digit petrol prices.

RAC fuel spokesman Simon Williams said: "Drivers will be relieved to see major supermarkets cut the price of petrol after weeks of rising prices". The central government has ruled out any reduction in excise duty for now. We are predicting that petrol is going to rise by R1.01 a litre. Illuminating paraffin users are also likely to be hit hard by an expected hike of around R1.05.

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