Fuel prices continue to rise, petrol sold at Rs 90.35 per litre in Mumbai

Fuel prices in many parts of the country have hit new heights on Thursday morning, providing no respite to consumers.

In New Delhi, the petrol price has surged yet again and is retailed at Rs 83 per litre, while diesel is being sold at Rs 74.24 per litre.

Meanwhile, a litre of petrol has touched Rs 90.35 in Mumbai, while diesel is being capped at Rs 78.82 per litre.

As the spiralling fuel prices continued their upward march, petrol price in Mumbai crossed the landmark level of Rs 90 per litre on Monday.

As per India's pricing mechanism, the domestic fuel prices depend upon the international fuel prices on a 15-day average and the value of the Indian rupee.

Fuel prices have been witnessing a steep rise since the past few weeks. While the Opposition has repeatedly blamed the Union government for not doing enough to keep a check on prices, the latter has always maintained that global crude oil prices and other international factors are causing a hike in prices of petroleum products.

(With inputs from agencies)