BENGALURU: After Mumbai and Hyderabad, Bengaluru became the third metropolitan city in the country where the price of diesel has shot past the 100-rupee mark.
Diesel prices in the city touched a record Rs 100/litre, going up from Rs 64.4/litre in March 2020, an increase of Rs 35.6 in 19 months. Meanwhile, the price of petrol was Rs 109.1/litre here on Saturday.
On Saturday, a litre of diesel costs Rs 102.8 in Hyderabad, Rs 102.1 in Mumbai, Rs 98.6 in Chennai, Rs 97.3 in Kolkata and Rs 94.2 in New Delhi.
In Karnataka, diesel is priced above Rs 101 per litre in districts like Bellari, Chitradurga, Davangere, Kodagu, Koppal, Shivamogga and Yadgir.
OMCs revise fuel prices daily based on the global refined products prices and dollar exchange rate. Fuel prices are also determined by freight and refining expenses, profit margins of oil marketing companies, dealers’ commission, central duties such as excise, and state duties such as VAT and other taxes.
Truck drivers said increasing diesel prices will result in a spike in prices of essential and non-essential commodities, especially during the festival season. Many taxi and bus drivers as well as State Transport Undertakings (STUs) are also facing a bleak future.





Source link Times of India

By EDITOR

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