Petrol prices scale new highs; Touch Rs 78.52 per litre in NCR
Updated : August 31, 2018 07:53 AM IST
Diesel prices too touched fresh highs across major cities with prices in Delhi NCR at Rs 70.21 per litre, Kolkata at Rs 73.06 per litre, Mumbai at Rs 74.54 per litre and Chennai at Rs 74.18 per litre.
The surge in fuel prices is largely due to rise in the cost of crude oil and high excise duty levied on fuel in the country. Brent crude oil dropped 0.3 percent to $77.51 a barrel.
Fuel prices have been on the rise since August 16 after the rupee dipped to its lowest value against the US dollar. High global crude oil prices, along with continuous outflow of foreign funds pulled the Indian rupee to a fresh intra-day and closing low on Thursday.