Source: LiveMint.com, Oct 01, 2018
New Delhi: With Brent crude prices continuing their upward trend and hitting $83.21 per barrel, fuel prices in India touched all-time highs on Monday, stoking fears of inflation before the Reserve Bank of India’s (RBI’s) monetary policy committee (MPC) meeting on Friday.
On Monday, petrol and diesel were selling at Rs 91.08 per litre and Rs 79.72 per litre, respectively, in Mumbai at state-run Indian Oil Corporation’s outlets. In Delhi, prices hit Rs 83.73 and Rs 75.09 per litre for petrol and diesel, respectively.
Also, subsidised domestic cooking gas prices have been increased by Rs 2.89 per 14.2 kg cylinder to Rs 502.40, an all-time high. Read the rest of this entry »