After hitting a new benchmark on Saturday as fuel crossed the Rs 89 per litre in Mumbai, the prices of petrol and diesel scaled new highs on Sunday.
On Sunday, petrol is being sold at record high of Rs 89.29/litre, while diesel price also jumped 19 paise per litre and touched Rs 78.26/litre.
In Delhi, petrol now costs Rs. 81.91 per litre after a Rs 0.28/litre increase, and diesel is priced at Rs 73.72 a litre.
The recent surge in transportation fuel prices is largely attributed to high crude oil prices and a falling rupee. A weak rupee against the dollar makes the import of crude oil expensive.
The price of Brent crude oil is currently over $78 per barrel.
BJP President Amit Shah on Saturday said both the party and the government were concerned over the rising prices of petrol and diesel and that the government would soon come out with a stand.
Addressing a news conference in Hyderabad, he said the rise in fuel prices and the weakening of the rupee were the result of international developments.
“We are trying to find ways. The government will soon come out before people with a stand,” he said.
Shah attributed the increase in fuel prices to US-China trade war and the tension in ties between the US and oil producing nations.
The BJP leader claimed that the weakening of the Indian rupee against the US dollar is “not as bad as the impact on other currencies.”
(With agency inputs)