Biggest single-day increase in petrol and diesel prices in Ahmedabad

Petrol and diesel prices are revised daily by state-run oil firms

This means that fuel prices hit further record highs on Saturday. On Friday, the price was Rs 79.99.

In Mumbai, petrol became dearer by 48 paise and was being sold at Rs 87.77 per litre, while diesel is now priced at Rs 76.98 per litre. Petrol prices went up by 39 paisa per litre and Diesel prices saw an upward trend of 44 paisa per litre in Delhi. Even Petrol and Diesel prices in Delhi are Rs.80.38 per litre and Rs.72.51 per litre, respectively. In Kolkata petrol costs Rs 83.27 and diesel Rs 75.36 per litre; and in Chennai petrol retails at Rs 83.56 and diesel Rs 76.66 a litre, according to International Olympic Committee website. Brent for November settlement rose 33 cents to $76.83 on the ICE Futures Europe exchange.

Truckers would stage demonstrations across districts to protest against rising diesel and petrol prices, apex transporters' body AIMTC said on Friday. US West Texas Intermediate (WTI) crude futures slipped 64 cents to $67.13 per barrel, stated a report by news agency Reuters.

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On Friday, Union petroleum and natural gas minister Dharmendra Pradhan said that the ongoing fuel price hike in the country is mainly due to the depreciation of the Indian rupee against the United States dollar. Jaitley said global oil prices are volatile and have not shown any linear movement. On top of this, states levy Value Added Tax (VAT) - the lowest being in Andaman and Nicobar Islands where a 6 per cent sales tax is charged on both the fuels. "Once petrol and diesel are brought are GST, everyone will be benefited", Pradhan said, according to a report by ANI.

Since the UPA-2 days, oil producing countries have tried to bring down their production to jack up crude oil prices and geopolitical tension has made things worse.

In Kolkata, the price of petrol has been increased to ₹83.27 per litre while the diesel price has gone up to ₹75.36 per litre.

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