Fuel prices are continuing their never ending upward spiral, fuel retailing companies hiked petrol prices by 23-27 paise a litre and diesel by 27-31 per litre across the major cities of the country.
A litre of petrol now costs a record Rs 99.14 in Mumbai, while diesel is now retailing at Rs 90.71/litre
Calls for reducing tax on fuel are gaining momentum again as central and state taxes make up for over 61% of petrol price while they constitute over 56% diesel rates.