With fuel prices touching new levels Monday, petroleum dealers in Tamil Nadu said they were closely monitoring the situation.
"We too are concerned. We have no choice but to follow the order of oil marketing companies on dynamic pricing. In the last three days, the price of petrol increased by Re 1," Tamil Nadu Petroleum Dealers Association Vice President Suresh Kumar told PTI.
"The situation is precarious," he said.
Petrol and diesel prices in the country climbed to their highest levels due to dramatic fall in rupee and sharp rise in crude oil rates.
In Chennai, petrol costs Rs 82.41 per litre, while the diesel price is Rs 75.21 per litre.
Kumar also opined that use of private vehicles may decline and people may opt for public transport for commuting if the fuel prices continue to increase.
Meanwhile, DMK President M K Stalin flayed the Centre and State governments, saying the fuel prices were "unconscionable."
In a statement here, he sought to know whether it was right on part of the Centre to export fuel at cheaper rates while it was being retailed at 'exorbitant' rates in the domestic market.
Stalin urged the Centre to 'reduce' the excise duty on fuel and asked the Tamil Nadu government to bring down sales tax 'immediately'.
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