Hyderabad: Petrol prices are still souring in Hyderabad as it has reached Rs. 99.31 per liter. The price is just a few paisa away from Rs. 100 liters per liter, while the diesel price is Rs. 94.26 per liter in the city.
According to a report published in Telangana Today, G Vinay Kumar, former general secretary of the Telangana Petroleum Dealers Association, said that although there is no reason for fuel prices to rise, they continue the upward trends. The prices have been set by the oil companies since the beginning of the dynamic pricing system, he added.
If the northward trend continues, the petrol price in Hyderabad could exceed the Rs. 100 points in this week itself.
In the national capital, petrol and diesel prices rose to Rs. 95.56 and Rs. 86.47 per liter, while the petrol price in Mumbai exceeded Rs. 100 points on May 29th.
Meanwhile, Congress has decided to hold major protests nationwide on 11 June over all petrol pumps and the prizes will be refunded. Congress claims that prices were static up to the West Bengal polls, but then began to rise again.
Source: The Siasat Daily