Fuel prices in the financial capital touched a new high on Friday, with petrol prices soaring by 48 paise, and diesel 55 paise a litre — one of the steepest single-day rises in Mumbai in recent months. On Friday, petrol sold at Rs 87.39 a litre, while diesel cost Rs 76.51 a litre. In some cities in Maharashtra, petrol prices touched Rs 90 a litre — for instance, in Amravati, Buldhana, where they were selling for Rs 88 and Rs 77 a litre. Petrol pump operators said over the past 10 days, the maximum fuel prices rose to was 42 paise a litre. “The government should immediately stop the daily revision of fuel prices and start revising every quarter,” Kotak said.

Source: Hindustan Times September 07, 2018 20:16 UTC