Petrol scores a hundred
The worth of a litre of petrol on Tuesday crossed the ₹100-mark in Vijayawada and different elements of the State. The worth had already crossed ₹100 in cities like Guntur and breached the psychological barrier in Vijayawada on Tuesday. Premium petrol prices ₹104 per litre.
The costs have been elevated by about 25 paise taking the worth of petrol to over ₹100 a litre. In truth, a mean enhance of 25 paise has been witnessed within the final three days. The unabated enhance within the worth of petrol and diesel has exacerbated for the reason that final week of April, when the election course of in 5 States concluded.
A 12 months in the past, individuals used to get shut to at least one and half litres for ₹100. The worth was about ₹74 a litre as on May 21, 2020. Similarly, diesel worth was about ₹68.
According to data, costs range from metropolis to metropolis within the State. However, petrol prices barely above ₹99 in Visakhapatnam. Its prices is ₹100.40 in Vijayawada, ₹100.68 in Guntur, and ₹100 plus in Kurnool. The Steel City is due to the placement of a refinery there. Vijayawada too enjoys a bonus due to the placement of a storage terminal at Kondapalli.
Those tanking up on diesel are additionally not spared of the worth hike both. An common enhance of about 20 paise per litre of diesel is witnessed within the State.
Fuel costs differ from State to State relying on the incidence of native taxes akin to VAT and freight expenses. Oil firms revise charges of petrol and diesel day by day primarily based on the common worth of benchmark gasoline within the worldwide market within the previous 15 days, and overseas trade charges.