"Today, this coalition government has made a decision to reduce both petrol and diesel prices by Rs 2 per litre", Kumaraswamy, who heads a JD (S)-Congress government announced in Kalaburgi.
On Tuesday, West Bengal chief minister Mamata Banerjee announced a cut in state tax for petrol and diesel, bringing down their prices by Re 1. Mumbai continued to be the worst affected by rising fuel prices, with petrol retailing at a staggering Rs 89.01 per litre and diesel at Rs 78.07 per litre.
Petrol prices have gone up by about 6% and diesel prices by 8% in the past one month.
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Since the past few days, fuel prices have skyrocketed in the country.
The recent surge in transportation fuel prices is largely attributed to high crude oil prices and a falling rupee. In Delhi, Mumbai and Chennai, the price of the fuel rose to Rs 73.30, Rs 77.82 and Rs 77.49 per litre on Friday, from the Thursday's levels of Rs 73.08, Rs 77.58 and Rs 77.25 per litre. This marks a hike of around 15 paise compared to Sunday's fuel prices. The oil ministry had sought a reduction in excise duty on petrol and diesel to cushion the impact of rising global oil rates.
The JD (S)-Congress coalition government in Karnataka was under pressure to reduce prices after both parties were part of a nation-wide protest against rising fuel prices on September 10. The government, for its part, has blamed worldwide factors for the rising prices.