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</p><p>&nbsp; The constant fluctuation of rise and drop of fuel prices continue. Earlier cycle started with consecutive drop in prices and now it seems to neutralize all of them as the cycle of price rise has been initiated due to global price fluctuation and bit of unrest. Effective from midnight of 1st sept 2016 the prices has gained mammoth Rs. 3.38/litre for petrol and 

Rs 2.67/litre

for diesel. &nbsp; &nbsp;</p><p>&nbsp; Commenting on such a steep price rise, Indian Oil Corp said, "During the current fortnight, crude oil prices in the international market have witnessed a steep increase by 13 percent (over $5/barrel) compared to previous fortnight, with a corresponding increase in the international prices of petroleum products." So after midnight one has to shell out Rs. 63.47/litre and Rs. 52.94/ litre against Rs. 60.09 and Rs. 50.27, for petrol and diesel respectively. This has been 3rd change in prices of petroleum in the month of August. Earlier two times, prices were dropped and now there has been rise in them.</p><p>&nbsp; Indian Oil Corp added, "The current level of international prices warrant an increase in prices of Petrol and Diesel, the impact of which is being passed on to the consumers. In view of above, Indian Oil Corporation Ltd. has decided to effect the following price changes will be effective from midnight of 31st August 2016 / 01st September 2016." This is because&nbsp;prices of petrol and diesel are linked directly to market rates after they were deregulated in India.</p><p></p>