Fuel Price Hike Burn A Hole In Kolkatans Pocket

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Kolkata: Petrol and diesel prices registered new record highs in Delhi and Mumbai today. While petrol price in Delhi crossed Rs. 77 per litre for the first time ever, in Mumbai, the price was just 1 paisa away from Rs. 85 per litre. Wednesday also marked the tenth straight day of hikes in Delhi, Mumbai, Kolkata and Chennai, among other cities, in range of 14-34 paise a litre in case of petrol and 21-31 paise a litre in diesel. The government may soon announce measures to contain the rising fuel prices soon.

Wednesday’s fuel price hike included.

  • The increased petrol price was implemented from Wednesday morning 6am .
    In Kolkata the price reached Rs 79.83 per litre,Rs 77.17 in Delhi. On the other hand the price of diesel has also increased parallelly.The price has reached Rs 68.34 per litre in Delhi,Rs 70.89 per litre in Kolkata.With effect from 6 am, Wednesday, petrol prices were at Rs. 77.17 a litre in Delhi, Rs. 79.83 a litre in Kolkata, Rs. 84.99 per litre in Mumbai and Rs. 80.11 per litre in Chennai, according to Indian Oil Corporation. Diesel prices were at Rs. 68.34 a litre, Rs. 70.89 a litre, Rs. 72.76 a litre and Rs. 72.14 a litre respectively.
  •   On Tuesday in four metropolitan cities petrol prices have increased from 29 to 32 paisa per litre.Diesel price has increased from 26 to 28 paisa per litre.
  • Bharatiya Janata Party (BJP) president Amit Shah said on Tuesday the government was taking the issue of rising petroleum prices seriously and would soon announce measures to deal with the matter. He also said it would come out with a solution in three-four days.
  • The government had raised excise duty nine times between November 2014 and January 2016 to shore up finances as global oil prices fell, but then cut the tax just once in October last year by Rs. 2 a litre.
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