Hyderabad: On top of onions which are inching towards the `200-a-kg mark, the price of petrol is within touching distance of `80 a litre. On Monday, petrol cost Rs 79.81, after increasing 5 paise overnight due to the daily revision of proces.
Petrol had crossed the Rs 80 mark last year before cooling down again. Diesel is pushing the Rs 70 mark,
The Hyderabad Petrol Dealers Association stated that the increase is felt more due to the fluctating oil prices. The taxes of the central and state governments add to the burden. The price of petrol in Telanga-na state is among the highest in the country due to these taxes.
The petrol price in the state have peaked to `80 per litre.
It has come down only marginally now.
In New Delhi, petrol hit the `75 a litre mark for the first time in more than a year as oil firms raised rates to make up for rising cost of production. Diesel costs `66.04 per litre in the national capital
The petrol rate has been increasing daily since November 9 except for one day. Cumulatively, petrol price increased by `2.30 per litre in the past month.
In mid-September, the petrol price had gone up due to drone attacks on some of Saudi Arabia's giant onshore fields. The petrol price is rising again on the back of the rupee-dollar exchange rate.
Petrol and diesel prices are revised daily on the basis of changes in their benchmark international fuel prices and rupee-dollar exchange rate.
