Petrol hits Rs 80 in Hyderabad; will increase in future

By Newsmeter Network  Published on  5 Jan 2020 4:46 PM GMT
Petrol hits Rs 80 in Hyderabad; will increase in future

Hyderabad: The common man has to burn more holes in their pocket, as the petrol price in the city touches Rs 80 mark for the first time in the last one year on January 5.

There has been a steady rise in fuel prices, and experts have said that the increasing trend will continue further. According to the Telangana Petroleum Dealers Association, petrol prices were Rs.80.14 on Sunday, whereas diesel price stood at Rs 74.53. At the same time, the petrol price is expected to rise by 16 paise, and it would be at Rs 80.30. Meanwhile, diesel would increase by 19 paise to be at Rs 74.72. Experts cite the fall of rupee as the reason for the hike in fuel prices and on the other hand, the dollar is growing stronger day by day.

By Sunday, in the last one year, there was a rise of Rs 7 in terms of petrol prices. On January 1, 2019, petrol was available at Rs 72.72, whereas the same was at Rs 79.70 on January 1, 2020. In the case of diesel prices, there was a rise of Rs 6.52. It was available for Rs 68.01 on January 1, 2019, and the same rose to Rs 73.91 on January 1 2020.

Due to the increasing trend, the common man has to bear the burden of being at the end of the consumption cycle. “Is this is the “ache din” that the government promised, and why can’t Centre do anything about the fuel prices? Price of almost everything has gone up and is becoming unaffordable, starting from onions to fuel. How can a common man live in such circumstances?” asked Mr Shekar Kumar, an employee with a private company.

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