No respite from surging fuel prices, petrol crosses Rs 71 per litre in Delhi

There is no respite yet for common citizens as prices of fuel and diesel saw a fresh hike on Wednesday.

Petrol is now being sold 13 paise higher at Rs71.27 per litre and diesel at Rs65.90 per litre after a 19 paise hike in New Delhi.

In Mumbai, petrol is retailing at Rs76.90 per litre after an increase of 13 paise and diesel is being sold at Rs69.01 per litre after a 2 paise hike in its price.

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The price revision comes amidst a global dip in the price of crude oil.

Analysts say the prices of crude were down owing to a reduction in the global economic growth forecast which triggered concerns over demand for oil in the coming weeks.