Fuel prices continued to climb on Friday, with petrol and diesel prices in the Delhi National Capital Region rising to an all-time high of Rs 81.28 per litre and Rs 73.30 per litre, respectively.
In Mumbai, where petrol prices hit the Rs 88 mark on the day of the Ganesh Chaturthi festival on Thursday, fuel prices continued to surge with petrol costing at Rs 88.67 a litre and diesel prices at Rs 77.82 a litre.
Petrol prices in Kolkata and Chennai were at Rs 83.14 per litre and Rs 84.49 a litre, respectively.
In tandem with the rise in petrol prices, diesel prices also climbed to fresh highs. Diesel prices in the two major cities stood at Rs 75.15 a litre and Rs 77.49 a litre respectively.
Transport fuel prices have been on a rise for around a month now, owing to higher crude oil prices coupled with a depreciating rupee. Any fall in the Indian rupee against the US dollar makes the import of crude oil expensive as the transaction is done in dollars.
International Brent crude oil is up 0.4 percent, trading at $78.48 per barrel. The rupee, on the other hand, slumped to a record low of 72.91 per dollar on Wednesday, before settling at 72.19 per greenback.
The focus is now on Prime Minister Narendra Modi's weekend meeting, where fuel price hike may be discussed, according to multiple media reports.
Though a few states have announced a reduction in VAT for fuel thus bringing down prices, Maharashtra is yet to do so.
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First Published: IST