End to relentless petrol, diesel price rise brings no joy as cuts minuscule.
These small cuts contrast against the nearly Rs 4 per litre rise in
petrol prices during May 14-29, with the daily hike in prices varying around
15-30 paise a litre
Current Affairs News: High fuel prices have burnt a hole in the common man's pockets.
With mounting frustration, rates have been cut for the third consecutive day
today. However, this is likely to be cold comfort for most given that the
reduction in prices has been minuscule. Prices for petrol and diesel fell by 6
paise and 5 paise per litre, respectively, on Friday. After a one paisa cut in
fuel prices, petrol prices across the four metros were cut on Thursday by seven
paise a litre and diesel prices fell by five paise.
Petrol now costs Rs 78.29
per litre in Delhi, while the price of diesel has been revised to Rs 69.20 a
litre. The revised Petrol prices in other metro cities are -- Rs 80.92 in
Kolkata, Rs 86.10 in Mumbai, and Rs 81.28 in Chennai. The revised diesel prices
are Rs 71.75 in Kolkata, Rs 73.67 in Mumbai, and 73.06 in Chennai.
How does this measure up
against the previous hike in petrol prices? These cuts contrast against the nearly
Rs 4 per litre rise in prices during May 14-29, with the daily hike in prices
varying around 15-30 paise a litre. Similarly, diesel prices in all the four
metros also were at record levels during the period.
A direct comparison of
prices brings home the point. In the national capital on Thursday, petrol was
sold at Rs 78.35 per litre, down from Rs 78.42 on Wednesday. Compared to
Friday's prices, that is just a 13 paise difference in the favour of the
consumer.
On Thursday, in the other key cities of
Kolkata, Mumbai, and Chennai, the fuel was priced at Rs 80.98, Rs 86.16, and Rs
81.35 a litre, respectively. All these prices were down by seven paise from
Wednesday's levels.
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