There is no relief in sight for vehicle owners as petrol and diesel prices were revised upwards for the tenth day straight. Petrol price in New Delhi stands at Rs 89.88 per litre after a hike of 34 paise, and diesel at Rs 80.27 per litre with an increase of 32 paise.
In Mumbai, diesel and petrol prices are up by 34 paise and 32 paise, respectively. After the hike, diesel is priced at Rs 87.32 per litre, and petrol at Rs 96.32 per litre.
Petrol in Bengaluru costs Rs 92.89 per litre, while diesel is at Rs 85.09 per litre.
The relentless hike in prices has been criticised by the opposition parties, including Congress that has demanded an immediate cut in taxes to ease the burden on the common man.
However, Oil Minister Dharmendra Pradhan had told Parliament during the Budget session that the government is not considering a reduction in excise duty to cool rates from their record highs.
Rates have risen as international oil prices touched $61 per barrel for the first time in more than a year on improving demand outlook amid the global rollout of Covid-19 vaccines, he had said.
Central and state taxes make up for over 61 per cent of the retail selling price of petrol and about 56 per cent of diesel.