Fuel prices up again, petrol at Rs 70.47 per litre in Delhi, diesel at Rs 64.78 per litre

A day after petrol prices saw a dip after rising for six consecutive days, rates were hiked again on Thursday.

In Delhi, petrolis now being sold at Rs 70.47 per litre after witnessing an increase of0.14 paise. Whereas diesel is being retailed at Rs 64.78 per litre after a hike of 0.19 paise.

In Mumbai, petrolretailed at Rs 76.11 per litre after a hike of 0.14 paise. Diesel prices were also revised to Rs 67.82 per litre afteran increase of 0.20 paise.

After a consistent rise in fuel prices for days, the prices of petrol witnessed a little decline on Wednesday.

In Delhi,petrol prices were reduced by 0.8 paise in Delhi and Mumbai, diesel saw an increase of around 12 paise.

The prices of petrol were alsorevised to Rs 70.33 per litre in Delhi, Rs 75.97 in Mumbai, Rs 73 in Chennai and Rs 72.44 in Kolkata.

Petrol price had touched a record high of Rs 84 per litre in Delhi and Rs 91.34 in Mumbai on October 4. Diesel on that day had peaked to Rs 75.45 a litre in Delhi and Rs 80.10 in Mumbai.

Prices had started to climb from August 16.

After the consistent rise, the government decided to cut excise duty on petrol and diesel by Rs 1.50 per litre each and asked state-owned fuel retailers to subsidise the price by another Re 1 a litre by reducing their margins.

The prices also reduced due to the falling international prices and the appreciation of the money.