Bharatiya Janata Party president Amit Shah says the government is taking the matter of rising oil prices 'seriously'.

"The government is taking the matter of oil prices seriously. The petroleum minister will have a meeting with the officials of the oil companies tomorrow. We are working out a formula to reduce the prices," Shah said.

Petrol and diesel prices have been raised for the ninth straight day across the country today.

With effect from 6 am, Tuesday, a litre of petrol was sold at Rs. 76.87 in Delhi, Rs. 79.53 in Kolkata, Rs. 84.7 in Mumbai and Rs. 79.79 in Chennai, according to Indian Oil. Diesel was sold at Rs. 68.08 per litre in Delhi, Rs. 70.63 per litre in Kolkata, Rs. 72.48 per litre in Mumbai and Rs. 71.87 per litre in Chennai.   -- with ANI inputs