Revealed On Feb 04, 2021 06:05:00 PM
Diesel costs have additionally risen to Rs 83.67 per litre.
Fossil gas costs in India have been hiked once more at the moment. With the most recent value enhance, motorists in Mumbai pays Rs 93.20 a litre for petrol and Rs 83.67 a litre for diesel. It is a new all-time excessive for each fuels within the metropolis. Within the knowledge desk under, you may see how way more motorists in Mumbai, Delhi, Chennai and Kolkata are paying for the 2 fuels in a span of 28 days.
|How gas costs have risen up to now 28 days|
|Feb 4 2021||Feb 4 2021||Jan 7 2021||Jan 7 2021||Value enhance||Value enhance|
|Mumbai||Rs 93.2||Rs 83.67||Rs 90.83||Rs 81.07||Rs 2.37||Rs 2.60|
|Delhi||Rs 86.85||Rs 76.83||Rs 84.2||Rs 74.38||Rs 2.65||Rs 2.45|
|Chennai||Rs 89.13||Rs 82.04||Rs 86.96||Rs 79.72||Rs 2.17||Rs 2.32|
|Kolkata||Rs 88.01||Rs 80.41||Rs 85.68||Rs 77.97||Rs 2.33||Rs 2.44|
Petrol, diesel costs in Mumbai stand at Rs 93.20 and Rs 83.67 per litre, respectively
Costs hiked by Rs 2.37 per litre for petrol and Rs 2.60 per litre for diesel within the final 28 days
Rising world crude costs is a significant factor for the hikes
On condition that the worth of petrol in Mumbai was Rs 75.28 a litre on April 1, 2020, it means the price of this gas has risen by Rs 17.92 a litre in 10 months – a 24 % value enhance. For diesel, the worth rise is even steeper – from Rs 65.19 a litre on April 1, 2020 to at the moment’s Rs 83.67 in Mumbai, the worth enhance is Rs 18.48 – a 28 % value enhance.
The worth differential between the 2 fuels, which was Rs 10.09 a litre in the beginning of the fiscal yr FY2021 on April 1, 2020, is at the moment all the way down to Rs 9.53 a litre, indicating the faster value rise within the ‘frequent man’s gas’ – diesel.
Impression of excessive gas costs on Indian motorists
These wallet-busting gas costs are hitting the Indian motorist – on two and 4 wheels – very arduous. As an example, the proprietor of a fuel-sipping commuter bike just like the Hero Splendor, which has a 11-litre tank, would have paid Rs 828 to tank up on April 1,2020 in Mumbai. Right now, he pays Rs 1,025.20 – which is Rs 197.20 extra – to go the identical distance.
With regards to automobiles, a Mumbai-based proprietor of a Maruti Wagon R which has a 35-litre gas tank, will at the moment pay Rs 3,262 to tank up in comparison with Rs 2,634 on April 1, 2020 – a sizeable distinction of Rs 628. In the meantime, to tank up his/her Hyundai Creta, which has a 50-litre gas tank, the consumer should fork out Rs 4,183.50 at the moment in Mumbai, in comparison with Rs 3,259.50 ten months in the past on April 1, 2020 – a marked distinction of Rs 924.
Impression of rising world crude costs
The steep value rise of petrol and diesel is a direct impression of the marked rise in world crude oil costs, which in flip is a results of the worldwide economies swinging again into work mode after the impression of the pandemic. Right now’s Brent crude oil value of US $57.46 a barrel, up practically 200 % than the $18.38 a barrel on April 1, 2020 when the Covid-19 was peaking and transport and transport operations worldwide have been both in lockdown mode or minimal. Nevertheless, the hapless Indian motorist by no means benefited from the file low costs of world crude oil both. Will there be a value minimize quickly? With oil on the boil, the reply is blowing within the wind.