New Pakistan Prime Minister Imran Khan last week announced a cut in petrol, diesel and kerosene oil prices to contain the rising inflation.
This follows a 31 paise/litre hike in prices on September 3.
Petrol price in Delhi rose to a record ₹79.15 a litre and diesel climbed to a fresh high of ₹71.15, according to price notification of State-owned fuel retailers. While situation in India seems much worse - with rupee falling to Rs 71.12 against dollar and fuel prices touching all-time high - neighbouring countries like China, Nepal, Sri Lanka and Pakistan are also bearing the brunt of high crude oil prices. Monday's figures breached the previous highs recorded on May 28 this year when the petrol prices were at Rs 86.24 in Mumbai and Rs 78.43 in Delhi. In Kolkata, diesel has touched Rs 74 per litre. In Delhi, petrol stood at Rs 76.31 per litre on August 1.
In Delhi, the fuel is cheapest among all metros and most state capitals in comparison to other cities due to lower sales tax or VAT. Due to sanctions on Tehran from the US, India had to reduce its imports from Iran, subsequently reducing the total fuel availability in the country. This is the steepest increase in fuel prices since the daily revision in fuel prices was introduced in mid-June 2017. In Delhi and Kolkata, diesel prices have gone up by 39 paise.
Federer's Outrageous 'Around The Net' Shot And Astronauts Play Tennis In Space
Next for the 36-year-old American comes a quarterfinal against 2016 runner-up Karolina Pliskova, who beat Williams in the U.S. Asked what he would want other players to learn from the way he conducts himself on the court, Federer didn't flinch.
There is no price increase for diesel or illuminating paraffin.
The oil marketing companies continue to push fuel prices upwards amid rising crude oil prices and heavy pressure on the value of domestic currencies.
The fall in rupee could be attributed to the surge in global oil prices, with crude oil gaining Dollars 7 a barrel in a fortnight driven by fears over US-China trade war and the US sanctions on Iran contracting supplies.