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Petrol prices hit record high at ₹95.10 per litre

Petrol prices in Pune hit a record high on February 15, at 95

Published on: Feb 15, 2021, 23:06:51 IST
By , Pune
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Petrol prices in Pune hit a record high on February 15, at 95.10 per litre.

HT Image
HT Image

Diesel prices also soared to a record rate of 84.68 per litre in the city.

Fuel prices have been on the rise after February 9.

The rate for power petrol in the city reached 98.75 per litre and there is anticipation that if the price hike continues, power petrol will cross 100 per litre rate in a few days.

The highest cost of petrol in the state is recorded in Parbhani at 97.38 per litre. The rate of “speed petrol” has already gone above 100 in Parbhani. The rate of petrol with additives reached 100.16 on Sunday.

“The rates have been steadily increasing for the past few days in the city. I will be talking to the petroleum minister soon,” said Ali Daruwala, spokesperson, All India Petrol Dealers Association.

On February 5, the price of petrol crossed the mark of 93.14 per litre in Pune, the highest recorded in the city.

On August 16, 2020, petrol prices were at 87.05 and diesel prices at 78.67 per litre.

After price fluctuations in the following months, on December 7, 2020, the petrol price reached 90 and diesel price, 78.97 per litre.

After remaining steady almost for a month, petrol and diesel prices soared on January 6, 2021, and reached 90.25 per litre and 79.25 per litre, respectively.

The prices have been on the rise since then.

The continuous increase in the petrol and diesel prices has started to reflect on the market. “As transportation expenditure has increased, there has been a 10% increase in the prices of essential commodities such as rice, oil and sugar,” said Popatlal Ostwal, president, Poona Merchant Chambers.

“There has been no relief in terms of petrol prices. It is becoming difficult for common people to manage their budget,” said Sudhir Parkhi, a resident of Warje, who has to travel every day to the city for work.