OIL & GAS

Kolkata goes on ‘save’ mode as fuel price continues to soar

Two weeks since petrol prices in the city had breached the century mark, the commercial fuel has continued its forward march as it stood at a record price of Rs 102.14 on Monday.

Backed by an Organization of the Petroleum Exporting Countries (OPEC+) deal, fuel prices are expected to drop a bit in the coming days but motorists said they had already made large-scale changes in their lifestyle and slashed fuel budget because of rising prices and would try to continue with the same in the future.

New Town residents Suresh Sharma and Jayant Sharma — both senior officials at a private firm in Park Street — were used to travel to their offices by car. But since the start of this month, they have made a welcome change in their life and have embraced carpooling for the first time.

“There had to be a start from somewhere. The day the petrol price touched Rs 100 in the city, we decided we have to take some step to curtail our expenses. Now, I take out the car three days a week and pick and drop my colleague between home and office and he does the same with me on the other three days. It saves fuel and has also increased valuable bonding. Even if the oil price reduces, we will continue with this system,” said Suresh Sharma.

Park Circus resident Abdul Jawad said fuel-price rise made him bring out his old bike from the garage and stop driving lately.

Source
ET Energy World
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