Petrol and diesel prices have always been a topic of concern for the common man in India. With the ever-increasing prices of fuel, it has become essential to keep a check on the rates to plan our daily expenses. On February 12, 2021, the prices of petrol and diesel were revised across all major cities in India. Let’s take a look at the city-wise rates and how it affects the consumers.
In the national capital, Delhi, the price of petrol was increased by 30 paise per litre, taking the total cost to Rs. 87.60 per litre. On the other hand, diesel prices remained unchanged at Rs. 77.73 per litre. This is the second consecutive day that petrol prices have been hiked in Delhi. The increase in prices can be attributed to the rise in global crude oil prices and the weakening of the Indian rupee against the US dollar.
Moving on to the financial capital, Mumbai, petrol prices were hiked by 29 paise per litre, making it the highest among all metro cities at Rs. 94.12 per litre. Diesel prices, however, remained unchanged at Rs. 84.63 per litre. Mumbai has the highest fuel prices among all metro cities due to the higher taxes imposed by the state government.
In Chennai, the price of petrol was increased by 31 paise per litre, taking it to Rs. 89.13 per litre. Diesel prices remained unchanged at Rs. 82.90 per litre. The increase in petrol prices in Chennai is the highest among all metro cities. This can be attributed to the higher transportation costs and state taxes.
In Kolkata, the price of petrol was hiked by 29 paise per litre, taking it to Rs. 88.30 per litre. Diesel prices remained unchanged at Rs. 80.08 per litre. Kolkata has the second-highest fuel prices among all metro cities, after Mumbai.
Apart from the metro cities, other major cities in India also saw a hike in petrol prices. In Bengaluru, the price of petrol increased by 31 paise per litre, taking it to Rs. 90.76 per litre. In Hyderabad, petrol prices were hiked by 29 paise per litre, making it Rs. 91.87 per litre. In Lucknow, petrol prices increased by 28 paise per litre, taking it to Rs. 88.82 per litre.
The increase in fuel prices has a direct impact on the daily expenses of the common man. It not only affects the prices of essential commodities but also adds to the burden of transportation costs. The rise in fuel prices also has a cascading effect on the overall economy, as it leads to an increase in the prices of goods and services.
However, it is not all gloom and doom. The government has taken several measures to control the rising fuel prices. The introduction of dynamic fuel pricing, where the prices are revised daily based on the international crude oil prices, has helped in stabilizing the fuel prices to some extent. The government has also reduced the excise duty on fuel to provide some relief to the consumers.
Moreover, the recent budget announcement to introduce a voluntary vehicle scrappage policy is expected to reduce the demand for fuel and bring down the prices in the long run. The policy aims to phase out old and polluting vehicles and encourage the purchase of new and more fuel-efficient vehicles. This will not only help in reducing the fuel consumption but also contribute towards a cleaner and greener environment.
In conclusion, the increase in petrol and diesel prices on February 12 has once again highlighted the need for a sustainable solution to control the rising fuel prices. While the government is taking steps to address the issue, it is also important for us as responsible citizens to use fuel judiciously and opt for more eco-friendly modes of transportation. Let us hope for a better and brighter future where fuel prices are affordable for all.
