Govt. escapes liability on rising prices of petrol, diesel, says "Its not in our hand"

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 US dollar. The price of Brent crude oil went up to $78.05 per barrel on Tuesday from $77.37 per barrel on Monday.

The government has been under immense pressure to cut excise on fuel as the prices have breached the previous record high hit on May 29.