Petrol price hits century in State capital
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Petrol price has hit a century for the primary time in historical past in the State capital, inflicting a lot fear to shoppers and commuters alike.
On Saturday, petrol was promoting at ₹100.16 in town’s gas pumps, following the 14th occasion of gas price hike this month and the twenty eighth since May 4, when the unofficial freeze on gas price throughout Assembly elections was eliminated.
Delivery brokers of assorted on-line meals supply aggregators, who’re a relentless presence on the roads even through the pandemic-induced lockdowns, have been hit exhausting as gas price hikes eat into their meagre each day income.
“If I carry out delivery from 10 a.m to 8 a.m, I can make around ₹500. Out of this, around ₹300 has to be spent on fuel. Now, after this, what is left for me as savings? Our incentives have not gone up along with the rising fuel prices. Many of the delivery agents have stopped temporarily over the past few weeks, as they find it unviable,” said Govindraj, a delivery agent.
Autorickshaw drivers are another category who have been hit hard by the double whammy of reduced trips due to the pandemic and the rising fuel prices. “The autorickshaw minimum charges stay static for months or even years, while the fuel prices go on rising every single day,” stated Rajendran, an autorickshaw driver.
Meanwhile, gas pump homeowners stated that they had not made any positive aspects from the price enhance besides the ill-will of the purchasers who suppose they too had been making enormous income.
“The commission for pump owners was last increased in 2016. Since then, it has stood static at ₹3.60 a litre for petrol and ₹2.11 a litre for diesel. To make profits, pumps have to sell a minimum of 2 – 2.5 lakh litre a month. Since pumps have been sanctioned unscientifically in large numbers, most owners manage to sell only 0.8- 1 lakh litre a month. The fuel price hikes will only add to our burden, because now we have to shell out ₹11.48 lakh for a load of 4,000 litre of petrol and 8,000 litre of diesel, compared to ₹9.40 lakh two months back,” stated C.K. Ravishankar, president, All Kerala Federation of Petroleum Traders.
Out of the entire value of petrol, the corporate prices ₹40.23 for refining. The excise obligation for the Union authorities, the extra excise obligation and cess for infrastructure growth and agriculture provides an quantity of ₹33.07 to this complete. Out of this solely ₹1.5 goes to the States, whereas the remaining stays with the Centre. To the entire value, the State authorities provides a complete tax quantity of ₹23.26, together with 30.8% VAT, flood cess and Kerala Infrastructure Investment Fund Board contribution. The fee for the vendor is ₹3.60. The diesel price break-up additionally throws up an identical image.
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