Mumbai Is 1st Metro City In India Where Petrol Price Hits Rs 100/Litre; People Are Angry
On Saturday, Mumbai became the first metro city that is selling petrol at over Rs 100 per litre to consumers. On Saturday, with an increase of 25 paise per litre, petrol prices in Mumbai went from Rs 99.94 per litre a day earlier to Rs 100.19 per litre.
Millions of Indians are struggling to survive, put food on their tables due to the COVID-19 pandemic and the lockdowns that have hit the common people so hard.
Adding to this is the uncontrolled hike in petrol and diesel prices by the oil companies.
The almost-daily petrol-diesel price hike that was held back by the oil companies during the assembly elections in five states has come back with a vengeance after the polls were concluded.
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Since then petrol and diesel prices have been scaling new heights almost on a daily basis.
On the rise daily
On Saturday, Mumbai became the first metro city that is selling petrol at over Rs 100 per litre to consumers.
On Saturday, with an increase of 25 paise per litre, petrol prices in Mumbai went from Rs 99.94 per litre a day earlier to Rs 100.19 per litre.
Diesel prices in the city is also the highest among metro cities at Rs 92.17 per litre, increasing by 30 paise from previous level on Saturday.
BCCL
At over Rs 100 a litre, petrol price in Mumbai is at the historic high level. Never before the fuel price has come even closer to reaching this mark.
With this Maharashtra has become only the third state in India after Rajasthan and Madhya Pradesh where regular petrol cost Rs 100 or more.
Price of petrol & diesel in #Mumbai at Rs 100.19 per litre and Rs 92.17 respectively
¡ª ANI (@ANI) May 29, 2021
Petrol & diesel prices per litre - Rs 93.94 & Rs 84.89 in #Delhi, Rs 93.97 & Rs 87.74 in #Kolkata, Rs 95.51 & Rs 89.65 in #Chennai pic.twitter.com/JA79LSwg6V
Organised... Legalised... Systematic loot. Narendra Modi is the same guy who taught everyone that, massive hike in diesel and petrol are the prime example of the failure of UPA Govt and now he is the same guy who is running govt in centre with Thumping majority
¡ª Nitish Bhardwaj (@Hello_nicks) May 29, 2021
¡ª ???? ??? ? (@Devastated_Soul) May 29, 2021
¡ª Aditya Gupta (@researchAditya) May 29, 2021
Dear ?@akshaykumar? petrol prices have crossed ? 100 in Mumbai. Have you hit the road on your bicycle yet Canada Kumar? pic.twitter.com/hK4z81veCa
¡ª Swati Chaturvedi (@bainjal) May 29, 2021
Petrol price crosses ?100 mark. No reduction on GST on Covid drugs and other life saving equipment. Huge reserves in PM CARES fund. Yet, vaccines NOT purchased. Where is all this going ?https://t.co/kmbYQtUXNT
¡ª Nagendar Sharma (@sharmanagendar) May 29, 2021
15th rise since May 4
This is the 15th increase in prices since May 4, when state-owned oil firms ended an 18-day hiatus in rate revision they observed during assembly elections in states like West Bengal.
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Oil companies revise rates of petrol and diesel daily based on the average price of benchmark fuel in the international market in the preceding 15-days, and foreign exchange rates.
Fuel prices differ from state to state depending on the incidence of local taxes such as VAT and freight charges. Rajasthan levies the highest value-added tax (VAT) on petrol in the country, followed by Madhya Pradesh and Maharashtra.
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Sri Ganganagar district of Rajasthan had the costliest petrol and diesel in the country at Rs 104.94 per litre and Rs 97.79 a litre, respectively.
Bobins Abraham is the Assistant News Editor at Indiatimes. He has more than twelve years of experience in TV and digital journalism. An avid student of history and geopolitics, he is a conservationist and environmentalist at heart. He writes on environment, sustainability, human-animal conflict and more.
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