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Another jolt to the users of vehicles is slapped by the government since state-run fuel retailers have decided to hike the price of petrol and diesel by 75 and 50 paise per litre respectively from Saturday. The influence of global rise in oil price as well as downfall in the value of rupees against the US dollar has left no way except to pull up the price of foretold fuels.

Hike in fuel prices will make Indian exports uncompetitive as it would add to costs of exporting units, which have to be highly depend on diesel and other alternative fuels instead of electricity due to erratic power supply in industrial areas, said the Federation of Indian Export Organization on Tuesday.

The entire opposition Tuesday called for an India-wide shutdown July 5 against rising prices and the fuel price hike, marking the first unified showdown with the government since the Congress returned to power last year.

A dawn-to-dusk strike called by the ruling Communist Party of India-Marxist (CPI-M)-led Left Front to protest against the hike in fuel prices Monday brought life to a halt in Tripura.

Justifying the recent hike in prices of petrol and diesel, Finance Minister Pranab Mukherjee said in Mumbai on Monday that it was essential to meet the under-recoveries of the oil marketing companies.

A ministerial panel will meet Friday and may decide on decontrolling fuel prices as per the Kirit Parikh committee recommendations.

Amid protest against fuel price hike in different parts of the country, Chief Statistician Pronab Sen Tuesday said that the move will further stoke inflation, which needs to be taken care of by the government.

The price of compressed natural gas (CNG), a cleaner transport fuel, was revised upwards by 50 paise per kg from Saturday by the sole distributing agency, Indraprastha Gas Limited.

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On account of the ever increasing hike in the price of petrol, the demand for fuel efficient diesel cars is on the rise. Owning a diesel engine vehicle can help one save enough on fuel. For the last few months, the gentle gust of diesel cars has blown all over the country thereby making the customers to experience a relief from the bewildering heat.