New Delhi: Amidst the perpetual rise and fall, the rates of
fuel
prices went up for the first time
in 2019 with the
petrol selling
at
Rs
68.50 and diesel
at
Rs 62.24 on Monday, with a rise by 21 paise and 8 paise per litre, respectively.
Petrol was sold
in
Delhi
at
Rs 68.29 on Sunday, while diesel
at
Rs 62.16.
In Mumbai,
petrol and diesel
prices were
at
Rs 74.16 per litre and
Rs 65.12 per litre, respectively.
On December 31, diesel and
petrol
prices reached their lowest level of 2018.
In order to protect its revenues from auto
fuel taxes, the Karnataka government on Friday revised the rate of sales tax on
petrol and diesel to 32 per cent and 21 per cent from 28.75 per cent and 17.73 per cent, respectively.
The highest price was recorded
in October, however, soon after rates started to nosedive. The dip
in
prices comes after the United States softened its stand on Iran's sanctions and allowed eight countries to continue importing oil from Iran temporarily. These countries are
India,
China, South Korea, Japan, Turkey, Italy, the United Arab Emirates, and Taiwan.
Further, Petroleum and Natural Gas Minister
Dharmendra Pradhan had earlier said that the
hike
in the
prices of
petrol and diesel
in the country was because of the depreciation
in the value of the Indian Rupee against the US dollar.