Diesel and petrol prices has hit an alltime high in the cpountry. The price hike has created a stir in the metros as Oil Marketing Companies (OMCs) increases the prices of both petrol and diesel on Tuesday, for a third consecutive day.

According to a report of Press Trust of India (PTI), petrol and diesel will not come under the purview of Goods and Services Tax (GST) in the immediate future as neither the Central government nor any of the states are in favour on fears of heavy revenue loss.

The daily price notification issued by state-owned oil firms showed an increase in the prices of diesel and petrol. As per the price index, the price of diesel today in Delhi is Rs. 69.61 per litre, followed by Rs. 73.90 per litre in Mumbai, Rs. 73.54 per litre in Chennai and Rs. 72.46 per litre in Kolkata. The revised rates will be effective from 28 August.

Petrol prices are skyrocketing. Petrol is selling at Rs. 78.05 per litre in the national capital and Rs. 85.47 per litre in Mumbai. Today’s petrol price in Kolkata and Chennai is Rs. 80.98 per litre and Rs. 81.09 per litre respectively.

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