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News In Brief Business and Economy

Petrol Price Hits New Record, Breaks Common Man's Back

News In Brief Business and Economy

Petrol Price Hits New Record, Breaks Common Man's Back

petrol-price-hits-new-record-breaks-common-man-s-back

News Synopsis

Petrol prices have been rising for a few months. Last we heard, the price of petrol had crossed the 100 rupees mark. Now the price has even surpassed that mark and has reached 106 rupees mark in Delhi and 112 rupees in Mumbai. The price surge is shocking for many who come from a humble economic background and cannot simply afford to fill their tank at this price. Apart from Delhi and Mumbai, even Kolkata has experienced a surge in petrol price taking it to 106 rupees per litre. 

Various political groups and opposition parties have begun talking about it and demand answers from the centre as to why the prices are reaching new heights. Many political leaders even held demonstrations in front of petrol pumps to show their anger towards the rising fuel prices. But the government remains silent on this. Lastly, they blamed the rising prices on the international market and the surge in international oil prices but it stopped at the end of September. 

This constant surge in petrol prices is shocking for many especially during a time like this. Many people have lost their lives while others have experienced a salary cut. Amidst this, if prices of common products rise, it's very stressful for common people. 

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