No respite from skyrocketing fuel prices

Last Modified Friday, 7 September 2018 (16:53 IST)
New Delhi: Fuel prices rose again on Friday as the day has witnessed one of the biggest jump on a single day ever since the government moved to daily revision in fuel prices. The was hiked by Rs 0.48 per litre while price was hiked by Rs 0.52 per litre in Delhi.
A litre of petrol is being sold at Rs 79.99 in the national capital while the same is retailing at Rs 87.39 in the financial hub of Mumbai. A litre of diesel now costs Rs 72.07 in Delhi and Rs 76.51 in Mumbai.Fuel prices were raised for the second consecutive day on Friday after they were kept unchanged on September 5. Today's hike in prices mark yet another all-time high in petrol and diesel rates.
Sources said that the recent hike in fuel prices has been attributed to a sharp rise in international crude prices and a dramatic fall in the exchange value of the rupee against the US dollar. While the prices of fuel are on a continuous rise, the government has blamed the 'external factors' behind the spike and called the movement 'temporary'.(UNI)