BENGALURU: Following Mumbai and Hyderabad, Bengaluru became the next metropolitan city from the nation where the amount of gas has taken past the 100-rupee indicate.
A litre of gas Bengaluru was selling 100.25 and petrol at Rs 92.97 on Friday.
A litre of gasoline price Rs 103.08 at Mumbai, Rs 100.74 at Hyderabad, Rs 98.14 at Chennai, Rs 96.84 at Kolkata and Rs 96.93 at New Delhi on Friday.
Records reveal that gas rate was 71.97 at Bengaluru between March 16 and 27 at 2020, also it’s a rise of Rs 28.20 within 15 months.
In the same way, gas prices went up in Rs 64.41 a litre through March 16-27, 2020 to Rs 92.97 today, a increase of Rs 28.56 at exactly the identical period.
At Karnataka, at least six districts — Bidar, Ballari, Koppal, Davanagere, Shivamogga and Chikkamagaluru — have crossed the Rs 100 markers.
In Ballari, gas was offered at Rs 102.05 a litre and the gas cost was 94.7 per month litre on Friday.
Oil-marketing businesses increased fuel prices to the 26th time in the previous 46 days, forcing the gas and gas prices in town to a lifetime high.
OMCs revise gas costs every day depending on the international processed products costs and dollar exchange fee.
Nevertheless, gas prices were dormant from February 28, 2021 to May 3, 2021 because of elections in five countries.
The increase comes at a time when every day fuel earnings have diminished as a result of Covid-19 restrictions.
“Fuel earnings have decreased by 40-50percent because of travel limitations and work-fromhome arrangement.
Motorists will truly feel that the pitch when the normalcy yields in afew months,” explained A Tharanath, vice-president of Akhila Karnataka Federation of Petroleum Traders.
“The cost difference between Bengaluru along with other districts is largely because of transport costs .
As an example, Ballari is becoming tools from Hassan, Mangaluru and Devanagundi rather than bordering Andhra Pradesh.
In the event the Centre includes One India, 1 Tax, it’ll be feasible for Ballari to find gas out of Andhra Pradesh,” he explained.
Asked if there has been a problem in demonstrating and charging fuel in 3 digits, he explained fuel outlets are already updated with an automatic centralised system.
Along with the base cost of gas, other elements like trader commission, excise duty and sales tax are raising the purchase price of gasoline.
However, the Centre is to deliver fuel below the GST plan.