Hyderabad: After continuing to increase for almost four months, the price of gasoline in Hyderabad was slightly dipped with 20 Paise on Sunday for the first time.
Gasoline prices have increased by RS 18 since February this year.
The current price is still the highest in the city with Rs 105.69 per liter, a small decline of 20 Paise from Rs 105.89 in the last few days.
“The cost of gasoline (per liter) continues to increase every month.
The price is approximately RS 89.13 in the last six months, Rs 101.39 in the last three months and Rs 105.
75 in the past month.
For the past year, the price is average -Rata around Rs 83.47.
This explains whatever increase in the past five months, “VK Reddy said, the owner of the gas station.
In July, prices jumped 5%, the highest increase in every month last year.
Along with fuel, the price of Liter Diesel dropped to Rs 97.33 from Rs 97.96 on Sunday.
But residents are worried that in addition to gasoline, diesel prices also increase “we plan to buy a diesel car, but the cost of costs increases, there is no difference between the two, commodity prices also rise,” RV RPU, a private employee, said.
Before 2017, gasoline prices are adjusted every 15 days or two weeks, with tariffs changed on the 1st and 16 every month.
The price approach is based on average crude oil prices of 15 international market days and the rupee-to-dollar exchange rate.
However, India is now implementing a new dynamic fuel price system in all cities and states, including Hyderabad.
By using this approach, the price of fuel in the city is adjusted regularly, taking into account the average price of crude oil and a rupee-dollar exchange rate.