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.