Fuel Price Hike Hits Indians Hard For The Second Consecutive Day
The price of petrol has crossed Rs. 85/- per litre in Delhi, while in Mumbai, it is close to Rs. 92/- a litre.
Oil Marketing Companies (OMCs) revised the price of fuel once again today, which resulted in the cost of petrol crossing Rs. 85/- a litre in the national capital.
The price of petrol and diesel rose by up to 25 paise per litre today across all the metros in the nation, the second consecutive rise on fuel prices this month. It was only on 18th January 2021 that fuel price was increased by about 25 paise.
In Delhi, petrol is sold at Rs. 85.20/-, while diesel costs Rs. 75.38/- a litre, while in the commercial capital of India, petrol costs Rs. 91.80/- per litre and diesel Rs. 82.13/-.
Similarly, people in Chennai too had to pay more than they did a day earlier, as petrol costs Rs. 87.85/- and diesel Rs. 80.67/-, while in Kolkata, petrol is retailed at Rs. 86.63/- and diesel at Rs. 78.97/-, today.
Union Minister for Petroleum and Natural Gas, Dharmendra Pradhan, has stated that many oil-producing countries stopped or reduced production in the wake of COVID-19.
Thus, the minister said, there is a pressure on fuel price due to imbalance in demand and supply as consumption has been increasing, with India being the third largest nation as far as energy utilisation is concerned.
With Brent crude price rising sharply, fuel price in India will only increase further in the coming days.