Kolkata: The price of gasoline in the city crosses Rs 104-Mark on Friday, three months after passing RS 100.
It has risen up over the past two weeks with a price revision done eight times in two times.
Diesel prices also increased significantly and now standing at Rs 95.19, less than RS 5 short term in the midst of volatility in global oil prices.
In Kolkata, the price of gasoline has reached the century run at all gas stations on July 7 because it recorded Rs 100.29 per liter.
It has a stable range for the next 11 days to reach Rs 102.14 and the price remains there until August 21 after it starts down and down to Rs 101.64 on September 7.
The price remains constant at this sign for the next 20 days which the increase starts again and has now crossed Rs 104.
“After the price has passed the RS 100, this small change does not affect again.
I have never felt relief because the price of one rupee falls but now the price is already It began to increase again, I wondered if it would pass the sign of Rs 120 at the end of this year.
It will definitely hurt us, “said Subhadeep Partner, who has started riding his bicycle more often today to keep his car in the garage to save fuel costs.
The price of fuel in this country has floated at the recording level due to a rise of 41 rising retail since April this year.
It fell on several occasions but most remained stable.
Gasoline prices have maintained stability between September 6 and September 27 but oil companies finally raised the pump prices last week given Spurt in recent product prices.
Gasoline prices also increased six out of eight days earlier.
OMC prefers to maintain their watch in the global oil situation before making a price revision.
This is the reason why gasoline prices are not revised over the past three weeks.
But the extreme volatility in the movement of global oil prices has now pushed OMC to influence improvement.
The Brent Crude Oil benchmark trades with more than $ 82 per barrel.
When prices have crossed RS100, Brent crude sold at $ 76.20 a barrel and at the beginning of that year was around $ 51.80 per barrel.
Sources on PSU oil suggest crude oil prices can rise further to $ 90 per barrel in December which will definitely lead to further fuel prices in Kolkata and all countries.
The association of gas stations owners demands the center and state to reduce taxes which are more than 55% of the total price paid for a liter of gasoline.
“There has been a steady decline in oil consumption by motorists after a constant price increase.
Considering zero tax situations, we can sell gasoline at Rs 44 per liter.
The center and state must be seriously considering reducing other countries of our country’s tax components to increase overall inflation , “said Snehasish Bhowmik, Vice President, the West Bengal Petroleum dealer association.