No respite from fuel prices as petrol inches towards Rs 91/litre in Mumbai
Updated : October 04, 2018 09:16 AM IST
Petrol prices were at an all-time high at Rs 90.57 a litre while diesel prices inched higher to Rs 79.01 a litre, as per the data from Indian Oil Corporation.
The government sees the rising fuel prices and falling rupee as a "small storm" for an otherwise robust Indian economy which it expects to sail through due to various steps, a senior Finance Ministry official said on Thursday.
Since January 2018, crude has rallied over 30 percent, while the rupee has lost almost 15 percent. The country meets 82 percent of its oil demand through imports.
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