NEW DELHI: Petrol price reached Rs 2.50 short of the century at Ganganagar in Rajasthan, crossed the Rs 92 per litre-mark in Mumbai and made a new record at Rs 85.45 in Delhi \u2013 considered the benchmark market \u2013 after retailers raised prices on Friday after a two-day lull.
\nDiesel too made new records in Mumbai and Delhi at Rs 82.40 and Rs 75.63, respectively, as the staggered impact of rising crude was passed on to consumers and amplified by high Central and state taxes.
\nBut even as the clamour for tax cut grew louder to mitigate the impact of relentless rise in pump prices, the government shifted the blame on OPEC, the grouping of oil-exporting countries accounting for about 40% of global production and 60% of traded supplies.
\nOil minister Dharmendra Pradhan publicly accused OPEC of setting oil on fire by \u201cbacktracking\u201d on its \u201ccommitments\u201d made when crude had crashed and demand evaporated in April as Covid-19 brought the world to a halt.
\n\u201cThey had gone for some production cut. There was a huge slide in price. As a consumer, we supported them at that time. On this point, for a longer period of a positive cycle, you have to have balance and reasonable price. In that plan they assured something on which they have backtracked recently,\u201d Pradhan told a foreign news channel.<\/p>\n","protected":false},"excerpt":{"rendered":"
NEW DELHI: Petrol price reached Rs 2.50 short of the century at Ganganagar in Rajasthan, crossed the Rs 92 per litre-mark in Mumbai and made a new record at Rs 85.45 in Delhi \u2013 considered the benchmark market \u2013 after retailers raised prices on Friday after a two-day lull. Diesel too made new records in Mumbai and Delhi at Rs 82.40 and Rs 75.63, respectively, as the staggered impact of rising crude was passed on to consumers and amplified by high Central and state taxes. But even as the clamour for tax cut grew louder to mitigate the impact of […]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,219,137],"tags":[],"class_list":["post-397020","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/397020","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=397020"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/397020\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=397020"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=397020"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=397020"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}