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

ANI
New Delhi, Delhi, India Updated: Jan 23, 2019, 09:25 AM(IST)

Prices are set to be raised further given the sharp jump in crude oil prices in the international markets. It will have a cascading impact on the prices of other items and lead to inflationary pressure and hurt growth. It will have a cascading effect on the prices of other items. Photograph:( AFP )

Story highlights

Petrol is now being sold 13 paise higher at Rs 71.27 per litre and diesel at Rs 65.90 per litre after a 19 paise hike in New 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 Rs 71.27 per litre and diesel at Rs 65.90 per litre after a 19 paise hike in New Delhi.

In Mumbai, petrol is retailing at Rs 76.90 per litre after an increase of 13 paise and diesel is being sold at Rs 69.01 per litre after a 2 paise hike in its price.

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.

Read in App