Diesel prices hit a record high in India

-Increasing sales and distribution prices also contributing to increasing price

The fuel prices across the country have gone back on to the surge path again as the strengthening dollar has led to increased fuel costs. With the latest hike of 13 paise, diesel is priced at Rs 69.46 per litre in Delhi, surpassing the Rs 69.31 price tag in May, earlier this year.

The price of diesel has gone to Rs 73.74 in Mumbai and it seems like it may go even higher considering that the Rupee is not expected to come back strongly in the near future. The government might not reduce the central excise duties soon with the fiscal deficit target in sight.