OIL & GAS

Petrol price at record high in Kolkata, sparks private commute worry

After the record diesel price, the price of petrol in Kolkata on Wednesday broke previous records to touch an all-time high of Rs 85.90 a litre. This will pull up the commuting cost as almost 80% of private four-wheelers and 90% of two-wheelers run on petrol.

Petrol price breached the last record — of October 4, 2018 — to touch Rs 85.85 while diesel on Wednesday rose by 0.25 paise to Rs 78.21 per litre. During the first phases of unlocking, there was a significant spurt in purchase of personalized vehicles as people kept away from public transport.

Back then, the stable and static fuel price provided an impetus. The fuel price stayed at Rs72.27 per litre in March 2020. There was a 52-day status quo between March 17 and June 6, when people bought vehicles and this was followed by no change in rates between June 30 and August 15, and a 58-day status quo in petrol price and a 48-day status quo in diesel price between September 22 and October 2 respectively. But the rising price of petrol has started hitting these buyers hard now, said transport economist Pradip Chakraborty.

“The rising petrol price is a cause for concern. I bought a car to ferry my daughter and me to and from our respective workplaces during the pandemic. But now I am facing a huge problem. The EMI and rising petrol price are taking away a huge amount in commuting cost,” said Dawaraka Prasad Ghosh, a private company employee from Barisha Sakherbazar.

“The fuel rates are being revised on a daily basis in line with benchmark international price and foreign exchange.

Source
Times Of India
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