Fuel on fire! Petrol price in Delhi hits Rs 81.28/litre mark, diesel at Rs 73.30/litre

The Fuel price rise touched a new high in Mumbai today, as the petrol rate hiked by 28 paise to Rs 88.67/litre and diesel by 24 paise to Rs 77.82/litre. In the national capital, petrol is selling at Rs 81.28/litre, while diesel is available at Rs 73.30/litre, according to a price notification issued by Indian Oil Corporation (IOC). 
 
In other metro city Chennai, petrol price touched fresh highs at Rs 84.49/litre after 30 paise hike, while diesel was at Rs 77.49/litre, with 24 paise hike. 
 
In Kolkata, petrol is selling at Rs 83.14/litre with a 27 paise hike, while diesel is available at Rs 75.36/litre, with 43 paise hike.
 
Similar to these four metro cities, other cities and state capitals are also witnessing the fuel price hike, affecting the common people.
 
Notably, fuel prices have been rising since mid-August, in the wake of a combination of factors including drop in the dollar-rupee ration and rise in global crude oil prices.
 
The Central government, however, remains non-committal on cutting excise duty, citing volatile international oil prices.
 
Global oil prices fell more than 2 percent on September 13, with Brent slipping back from four-month highs as investors focused on the risk that emerging market crises and trade disputes could dent demand even as supply tightens, said Reuters report. 
 
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According to Reuters, Brent crude was up 8 cents, or 0.1 percent, at $78.26 a barrel by 0338 GMT, after falling 2 percent on Thursday. The global benchmark rose on Wednesday to its highest since May 22 at $80.13.