Petrol price crosses ₹100 mark in coastal Karnataka
[ad_1]
The price of petrol crossed ₹100 in Dakshina Kannada district on Friday. Fuel was cheaper in the coastal district as in comparison with different locations in Karnataka by a rupee or just a few paise as Dakshina Kannada hosts the the one refinery in the State: Mangalore Refinery and Petrochemicals Ltd.
Petrol was bought at ₹100.18 at Rajesh Services, a supplier of Indian Oil Corporation Ltd., in Sullia, about 70 km from Mangaluru. It was bought at ₹99.5 at Puttur, about 40 km from Mangaluru and ₹99.43 in Mangaluru. Petrol was bought at ₹99.69 a litre in Byndoor in Udupi district, bordering Uttara Kannada district, and ₹101.99 in Karwar, the headquarters of Uttara Kannada district.
A yr in the past, petrol was bought at ₹73.41 in Mangaluru on June 7 and for ₹82.67 on December 7. The price rose to ₹95.2 on May 19 this yr. Within a month, the price has gone up by practically ₹5 per litre.
‘Dealers too affected’
The price of diesel has crossed ₹90 per litre, which has had an affect on the costs of important commodities. But it isn’t simply shoppers who’ve been affected, declare petroleum sellers.
The main affect is on the working capital as sellers should pay in advance for the gas being equipped. The quantity has elevated from about ₹8 lakh a yr to over ₹12 lakh for common sellers, mentioned Vishwas Shenoy, Vice President of Karnataka Federation of Petroleum Dealers’ Associations, from Puttur. At the identical time, there was minimal or no enhance in the margins or earnings of sellers, he claimed.
Dealers have seen a steep discount in earnings following a drastic fall in enterprise, mentioned Gopal Shetty, supervisor at Bejai Service Station, an IOC supplier. “We are unable to do even 25% of the regular business whereas all the fixed expenditure have remained unchanged,” he mentioned.
[ad_2]
