Again, metro cities and Indian states witnessed a hike in fuel prices on the 16th of October, Saturday.
In the past few days many cities and states are reporting a hike in petrol and diesel prices, crossing the Rs. 100 mark. Today at 6:00 A.M., the nation reported another hike in petrol and diesel prices by 35 paise approximately.
The daily rise in fuel prices is a matter of concern for people, especially those who use vehicles as their daily commute. With the constant rise in fuel prices, people are left with no option but to use public transport for their daily routes and save money, which is Rs. 100 and more for 1 litre.
In addition, the prices of Uber, Ola and other private vehicle services could increase due to the petrol prices, which crossed Rs. 100/liter, in major metropolitan cities. Opposition parties like the Indian National Congress and Aam Aadmi Party (AAP) criticized the ruling Bharatiya Janata Party (BJP) behind the constant rise in fuel prices. The major reason behind the rise in prices is to balance retail prices in line with global developments due to the rise in crude oil prices. In 2021, major Indian states and cities reported a massive hike in fuel, giving no relief to users, especially ones who use vehicles as daily transport.
This is the 10th time in the past two weeks that the petrol and diesel prices have increased in India. However, the rise in prices are different in different cities and states.
The petrol price in Delhi is at Rs. 105.54 per liter and diesel price is at Rs. 94.22.
The petrol price in Chennai per litre is at Rs. 102.70 and the diesel is priced at Rs. 98.59 per litre. In Kolkata the petrol and diesel prices are at Rs. 106.10 and Rs. 97.33 per litre, respectively.
In Mumbai, the petrol price per litre is Rs. 111.43 and the diesel price is at Rs. 102.15 per litre
In Hyderabad also, prices hit a new high with prices of petrol and diesel being Rs. 109.73 and Rs. 102.80 per litre, respectively. Of all the cities, Mumbai and Hyderabad have the highest prices of fuel, both diesel and petrol.
State owned fuel retailers, the Indian Oil Corporation Ltd., (IOC,) the Bharat Petroleum Corporation Ltd (BPCL) and the Hindustan Petroleum Corporation Ltd., (HPCL) resume daily price revision. Everyday fuel prices are updated at 6:00 A.M. Fuel prices differ from state to state depending on the incidence of local taxes such as VAT and freight charges.
Mango News Link
Telegram: https://t.me/mangonewsofficial
Google Play Store: https://bit.ly/2R4cbgN
Apple / iOS Store: https://apple.co/2xEYFJ
