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Pune: Petrol a held Rs 90 for every liter, rate likely to drop in week

The state-claimed oil marketing organizations sold petroleum at Rs90 per liter in Pune without precedent for over two years on Tuesday, with the cost of diesel contacting nearly Rs79 per liter.

Oil sellers said that a significant drop was normal in the coming week because of worldwide occasions. The cost of petroleum was up by 29 paise on Tuesday, with such high being gone after the first run through since September 2018, oil sellers said. The diesel cost per liter in Pune was up by 26 paise at Rs78.97, as indicated by the All India Petrol Dealers Association (AIPDA).

Pune was not by any means the only city in Maharashtra to hold up under the brunt of high fuel costs. While the cost of petroleum in Mumbai’s island city was Rs 90.34 per liter, it was the most noteworthy in the state at Rs92.76 per liter in Parbhani followed by Rs92.49 per liter at Nanded.

“The US had kept the barrel rates low for months due to the elections, but now the price of crude oil has gone up again, touching $50 per barrel. Supply was reduced globally by OPEC due to the collapse in demand for over eight months, which is also why the sudden surge in demand post-reopening caused prices to rise,” said Ali Daruwalla, national spokesperson, AIPDA.

“I need two-three litres of fuel everyday for my motorbike to make my rounds of delivery and the increase in fuel prices will reduce my income further,” said Rohan Jadhav, who works with two restaurant aggregators. “I hope the prices reduce soon. How can people afford to spend so muuch on fuel when incomes are down?” said Maniram Chaudhary, a grocery shopowner in Vadgaonsheri.

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Daily Pune journalist was involved in the writing and production of this article.

 

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