Petrol Prices have risen in the past few days. It is constantly on a rise. The petrol and diesel prices have risen in recent years to a considerable amount. It is becoming exceedingly difficult for one to afford petrol and diesel these days.
The hike in petrol and diesel prices is now on for a straight fifth day. The rise in petrol prices has many direct and indirect effects on the economy, which just cannot be ignored anyway. Petrol prices in many key cities have increased lately.
The Petrol Price has risen to more than Rs 110 in Mumbai. On Saturday, it was 113.12 rupees and on Sunday it is Rs 113.46. Not only petrol but the rise in the price of diesel is also pretty distinct. Diesel is now priced at Rs 104.38 per litre in Mumbai.
The rise in petrol and diesel has influenced trade and business very significantly. The rise in petrol and diesel has increased the travelling cost which has increased the variable cost in the form of transportation cost!
In Parbhani city of Mumbai, the petrol price has crossed Rs 116 mark which is a big deal for middle-class car owners and also the drivers. Transport is a very significant factor that decides the price of goods and services in any country. Being the only available form of fuel, petrol and diesel form a huge base for deciding the price of commodities based on their price fluctuations. In other cities of Delhi, Chennai and Kolkata, petrol and diesel prices are somewhat near to Rs 110. Within the last 18 months, there has been an abrupt rise in the price of petrol and diesel. The opposition parties have decided to raise their voices against the constant rise in prices.
