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Thanks to the falling rupee-dollar exchange rate, petrol and diesel prices in the country are now at an all-time high. A litre of petrol in Mumbai now costs Rs 86.54, while diesel stands at Rs 79.15 per litre. And considering the fact that India imports almost 82 per cent of its fuel requirement, the fuel price hikes come as no surprise. This is a hike of Rs 2 per litre for petrol and Rs 2.42 per litre on diesel. At this point, we can only urge the Government to decrease the VAT applied on fuel, at least temporarily, which might help in bringing down fuel costs.
Source: zigwheels.com
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