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Business

Petrol hits new high, Rs.94 per litre, domestic LPG Rs.771

by TLN Team February 6, 2021February 6, 2021
written by TLN Team February 6, 2021February 6, 2021
Petrol hits new high, Rs.94 per litre, domestic LPG Rs.771

As we know the common folk are reeling under the pandemic. Amid these trying times, they are facing another crisis as the prices of petrol and diesel are increasing day by day. The price of petrol is all set to touch Rs.100 per litre mark while price of LPG cylinder also increased in the beginning of this month. The point to be noted here is that the prices of petrol and diesel on January 26were Rs.93.10 per liter and Rs.83.56 per litre respectively. These prices increased to Rs.93.34 and Rs.83.83 on January 27.In between there was no price rise for seven days, but petrol price became Rs.93.68 and diesel price became Rs.84.20 on February 4.Again, there was increase in price on February 5 and rates were Rs.93.97 and Rs.84.51 respectively.

If this continues, the petrol will be sold for Rs.100 per liter and diesel for Rs.90.Similarly, the transportation cost of goods is also increasing due to increase in diesel price. After the general budget was presented, the gas companies did not hike LPG cylinder, but rise of Rs.25 was made in domestic LPG cylinder price on February 4.The price of LPG cylinder has become Rs.771.The price of 19 kg LPG cylinder has become Rs.1650.In December the price of LPG cylinder was Rs.646 and subsidy was Rs.40.Later, the gas companies increased price by Rs.50 on January 1 and by Rs.50 again on January 15.But consumers were getting subsidy of Rs.40 only. According to price in December, the consumer should get Rs.125 subsidy.

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