Fuel price in Delhi is constantly on a rise and on Sunday petrol and diesel touched Rs 82.72 per litre (increased by Rs 0.6) and Rs 75.38 per litre (increased by Rs 0.19) respectively.
In Mumbai, petrol and diesel prices reached Rs 88.18 per litre (increased by Rs 0.6) and Rs 79.02 per litre (increased by Rs 0.20) respectively.
On Friday, amidst rising fuel prices despite an excise cut on petrol and diesel last week, Prime Minister Narendra Modi held a review meeting with Petroleum Minister Dharmendra Pradhan and Finance Minister Arun Jaitley.
“The PM’s meeting in the morning was on petroleum issues. The discussion centered around increasing domestic oil production, subsidy borne by oil marketing companies (OMCs) and reducing oil imports to cut down the current account deficit,” a senior official said, reported news agency IANS.
Recently, the aam aadmi got some relief from sky-rocketing fuel prices as the Modi government announced Rs 2.50 per litre cut. The Centre cut excise duty on petrol and diesel by Rs 1.50 per litre and asked oil firms to absorb Re 1/litre of prices. Announcing the steps during a press conference here, Jaitley also appealed state governments to reduce VAT on petrol and diesel.