After a fall in rupee made imports costlier, Diesel prices have hit a record high of Rs 69.46 per litre while petrol rates inched towards Rs 78 a litre mark.
Fuel prices have been on the rise since August 16 after the rupee dipped to its lowest value against the US dollar.
Diesel price is hiked about 14 paise per litre and petrol by 13 paise, This increase pushed diesel price to its highest ever level of Rs 69.46 a litre in Delhi. In Mumbai, the fuel now costs Rs 73.74 a litre.
The centre currently levies a total of Rs 19.48 per litre of excise duty on petrol and Rs 15.33 per litre on diesel. High prices have off-and-on triggered demands for a reduction in excise duty but the government had ruled out any immediate cut.