This comes as international oil rates firm up
Petrol prices in Mumbai reached a new high of Rs 103.89 per litre on Thursday and have been increased by 26 paise per litre while the diesel is priced at Rs 95.79 per litre
Yechury said that when international prices were much higher, the prices domestically were much lower.
Congress leader Rahul Gandhi took a swipe at the Centre over the rising fuel prices on Tuesday, saying the petrol and diesel rates will come down at the time of the next elections in the country.
In Mumbai, where petrol prices crossed Rs 100 mark for the first time ever on May 29, the fuel price reached a new high of Rs 103.63 per litre on Tuesday
Diesel is expensive in these states as they levy the highest rates of Value Added Tax alongside cesses on auto fuels in the country
Trade unions on Monday organised a protest in Kerala against the Central government over rising prices of fuel
Fuel retailers spared consumers of further increase in prices by keeping retail rates of petrol and diesel unchanged on Monday
Petrol price in the national capital crossed Rs 97 a litre and diesel neared Rs 88 after fuel prices were raised yet again. Petrol price was hiked by 29 paise per litre and diesel by 28 paise, according to a price notification of state-owned fuel retailers. The hike -- 27th in seven weeks -- pushed fuel prices across the country to new historic highs. In Delhi, petrol hit an all-time high of Rs 97.22 a litre, while diesel is now priced at Rs 87.97 per litre. Fuel prices differ from state to state depending on the incidence of local taxes such as VAT and freight charges. And because of this, petrol retails at over Rs 100 per litre mark in eight states and union territories -- Rajasthan, Madhya Pradesh, Maharashtra, Andhra Pradesh, Telangana, Karnataka, Jammu and Kashmir and Ladakh. Among the metros, petrol is already above Rs 100 in Mumbai, Hyderabad and Bengaluru. In Mumbai, petrol now costs Rs 103.36 a litre and diesel comes for Rs 95.44. Sri Ganganagar district of Rajasthan n
Fuel prices increased again across the country on Friday adding more misery to common man's woe, as he already grapples with rising food prices amid shrinking income
On Thursday, OMCs kept retail price of petrol and diesel unchanged.
Ignoring it for long could increase longer-term costs
According to data released by commerce and industry ministry, fuel and power inflation stood at 37.61% led by higher petrol and diesel prices
Breaches RBI's comfort level in May on the back of costlier food items
His comments came on a day when retail inflation rose to 6.3 per cent in May, breaching the RBI's comfort level, on the back of costlier food items.
Fuel prices were raised yet again
The wholesale price-based inflation accelerated to a record high of 12.94 per cent in May, on rising prices of crude oil and manufactured goods
The price of petrol crossed the Rs 100-mark in Ladakh and stood at Rs 101.95 per litre on Monday
With petrol and diesel prices climbing to record high, Oil Minister Dharmendra Pradhan asked Cong governments to cut sales tax but did not say if BJP-ruled states would do the same.
Diesel price on Saturday breached the Rs 100 per litre mark in Rajasthan after yet another increase in fuel rates, which also led to Karnataka becoming the 7th state to record Rs 100 a litre petrol