Prices of petrol and diesel, already at unprecedented levels in the country, rose for the tenth consecutive day on Tuesday, even as analysts said the dual impact of rising oil prices and the depreciating rupee increases regulatory risks for state-run oil and gas firms.
In New Delhi, petrol prices were hiked by 16 paise to trade at Rs 79.31 per litre, while diesel is being sold 19 paise higher at Rs.71.34 per litre.
The price of petrol has crossed the Rs 86 mark in Mumbai to be sold at Rs 86.72 per litre, while diesel is being sold at Rs 75.74 per litre.
The rise in prices has burnt a hole in the pockets of locals in the two metropolitan cities, with commuters urging government's intervention in the matter.
Speaking to ANI, Ashwaq Saeed, a commuter from Mumbai, said "If at all we have to travel outside Mumbai via car, the prices of the fuel is so high that it pinches our pocket. It is high time that the Centre must take some action in order to control the prices."
Narrating his ordeal, another commuter, Aslam Sheikh, said that because of the surge in prices of petrol and diesel, the prices of the other products are also increasing in the market.
ANI
