The surge in fuel prices continued for the fourth straight day on Wednesday as petrol prices per litre went up by 13 paise to ₹85.60 in Mumbai and ₹78.18 in Delhi. Petrol is selling at ₹81.11 per litre in Kolkata.
— Navkirat singh mand (@NavkiratMand) August 29, 2018
Fluctuation in the value of rupee, which is trading below the 70-mark is one of the main factors driving the prices of petrol and diesel since mid-August.
According to a report from India Today, diesel prices surged to touch record highs at ₹74.05 per litre in Mumbai, ₹69.75 per litre in Delhi and ₹72.60 per litre in Kolkata. Fuel prices in Delhi are the cheapest among all metro cities and costliest in Mumbai. Mumbai has the highest VAT of 39.12 per cent on petrol, while Telangana levies the highest VAT of 26 per cent on diesel.