Mumbai, April 20: Fuel prices rose on Friday to touch the highest level in over four years on the back of rising crude prices, which rose to the highest since November 2014. In Delhi, diesel was retailing at were at Rs 65.31 a litre, a new all-time high. Petrol was up at Rs 74.08 a litre. In Mumbai, petrol is at the highest level seen since September 14 at Rs 81.93 a litre. Diesel is being sold at Rs 69.54 a litre, the highest since August 2014.

In Kolkata, petrol is retailing at Rs 76.78 a litre and diesel at 68.01 a litre. According to reports, from the start of this month, petrol prices have gone up by 50 paise in major cities and diesel by over 90 paise. The surge is on the back of the global oil prices that have risen to their highest since last 2014. Oil prices are on the rise because of the ongoing OPEC-led supply cuts as well as strong demand gradually drawing down excess supplies. Brent crude futures were today steady at $73.78 a barrel.

Former finance minister P Chidambaram has slammed the Modi government in a series of tweets over the skyrocketing petrol and diesel prices.

(The above story first appeared on LatestLY on Apr 20, 2018 01:22 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).