For the second consecutive day on September 7, the fuel prices have touched a record high with petrol prices rising to Rs 79.99 per litre in the national capital and Rs 87.39 per litre in Mumbai. While petrol costs Rs 86.91 a litre, diesel is priced at Rs 75.96 a litre in Mumbai.
On Wednesday, Finance Minister Arun Jaitley was remained non-committal on cutting excise duty to cushion spiralling petrol and diesel prices, saying worldwide oil prices are volatile and have not shown any linear movement. Diesel cost Rs 75.61 per litre against Rs 75.39 on Wednesday. Finance Minister Arun Jaitley mentions that the worldwide prices are volatile.
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Not only that, but top speed in pure electric mode has gone up from 75 miles per hour (120 kph) to 87 miles per hour (140 kph). Together, the two drive units generate a system output of 290 kW/394 hp along with a maximum system torque of 600 Nm.
Fuel prices have been burning bigger holes in consumers' wallets since mid-August as the continuous fall in the rupee's value against the U.S. dollar and high global crude prices have been pushing up pump prices. It is said that the hike in fuel prices has encouraged the opposition parties to hold the Modi government responsible for mismanagement of prices.
The fuel prices have been on fire since the beginning of August due to rising crude oil prices and low value of rupee against the United States dollar.
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Before the elections (2014), BJP and PM Modi had said that they will make Pakistan Occupied Kashmir a part of India. The prime minister further urged Pakistanis in Europe and the U.S. to contribute at least $1000.
The relentless price hike has once again brought the question of the government cutting excise duty to the fore. On Wednesday, Finance Minister Arun Jaitley had said that there was no need for a "knee-jerk" reaction to the rising prices of global crude oil.
Petrol price was hiked by 48 paisa per litre and diesel by 47 a litre, according to price notification issued by state fuel retailers.
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Diesel prices in the three cities were also raised today to Rs 76.51, Rs 74.92 and Rs 76.17 per litre, respectively.