New Delhi: A day after the petrol and diesel prices went up by almost a rupee per litre, diesel prices on Friday hit their highest level crossing Rs 70 in Delhi. In the capital city, while petrol touched Rs 78.52/litre (increase by Rs 0.22/litre) and Diesel went up to Rs 70.21/litre (increase by Rs 0.28/litre). In Mumbai, the petrol price was today hiked by 0.21 per litre and diesel by 0.30 per litre. The price of petrol in Mumbai is Rs 85.93/litre and price of Diesel is Rs 74.54/litre, news agency ANI reported.
In Delhi, where the fuel is cheapest in all metros and most state capitals due to lower sales tax or VAT, a litre of petrol had increased by 13 paisa a litre (Rs 78.18) as against Rs 78.05 per litre rate of Wednesday. Diesel, on the other hand, touched a new high of Rs 69.75 on Thursday, up from Rs 69.61 on Wednesday.
As the petrol and diesel prices in Delhi, Mumbai is witnessing an increase every day, Economic Affairs Secretary Subhash Chandra Garg told the reporters that he hopes it is temporary. “I earnestly believe that this increase in oil prices is really temporary,” he said. The fluctuations were seen coming, he added.
“The crude (oil price) had gone down to the level of USD 70 per barrel and it is back to USD 74-75, it should be temporary. It is coming out of some countries not able to produce so I hope it remains temporary. We will be able to come back USD 70-71 per barrel soon,” he said.
Fuel prices have been on the rise since August 16 after the rupee dipped to its lowest value against the US dollar. The domestic unit closed at 70.74 against the US dollar.