Petrol price on Saturday touched an all-time high of Rs 97 per litre in Mumbai while, diesel rate crossed Rs 88-mark. Petrol price was hiked by record 39 paise per litre and diesel by 37 paise a litre, according to a price notification of state-owned fuel retailers.
This the 12th straight day of price hike and the largest daily increase since oil companies started to revise rates on a daily basis. Reacting on the hike in fuel price, finance minister Nirmala Sitharaman said on Saturday, "It's a vexatious issue in which no answer except for fall in fuel price will convince anyone." "It is also a fact that (global) crude rate has been recovering from November," she added.
To bring some respite to the common man, finance minister mentioned, "Both Centre and state should talk to bring down retail fuel price at a reasonable level for consumers." Meanwhile, Congress members on Saturday staged a road roko in Tiruchirapalli, in protest against the hike in prices of petrol, diesel and liquified petroleum gas and the three new Central farm laws. V. Jawahar, president, District Congress Committee, Tiruchirapalli urban, presided over the protest. They said the hike affected people from all walks of life. Poor and middle-class people were badly hit.
Petrol price has already surged past the Rs 100-mark in some places in Rajasthan and Madhya Pradesh, which levy the highest VAT on the fuel.