After a recent rise in petrol prices, Hyderabad is likely to witness another rise in amount.
With the continuous increase in prices since the past few days is a major concern for consumers.
Expressing disappointment over the rise in prices of fuels, a citizen of Hyderabad said, “Fuel is one of the most basic needs and we are afraid that our cost of transport and manufacturing will increase. But we cannot pass on this burden to the consumer as the demand may drop.”
On the 14th of February, the petrol prices increased by 30 paise per litre in Hyderabad City. In Hyderabad the price of petrol per liter climbed from Rs. 91.96 on Saturday to Rs. 92.26 on Sunday. During the same period, the price of diesel per liter increased from Rs. 85.89 to Rs. 86.23.
The petrol rate increased for the sixth day in a row and is likely to touch Rs. 100 in the next few days.
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.
Everyday fuel prices are updated at 6:00 A.M.
