The effect of rising prices of petrol and diesel is now visible on the common man. Transporters have once again increased freight by 20 per cent.
Petrol-diesel prices in the country are touching new heights daily. Petrol rates in Delhi reached 90.93 on Tuesday. At the same time, the price of petrol in Mumbai has increased by 34 paise to Rs 97.34 per liter. Which is the highest among metro cities. Petrol price has reached an all-time high in Delhi and Mumbai. For this reason, the country transporters increased the freight for the third time in 6 months. Experts say that this will directly affect the customers.
Truck freight increased for the third time in 6 months Transporters have again increased freight rates by up to 20 percent due to the constantly increasing prices of diesel. This is the third increase in the last 6 months.
Traders say that with the increase in freight, the prices of things will increase and if the prices of diesel keep increasing in this direction, then inflation will also increase.
Diesel prices have increased by 30 per cent in a month and a half, and transport has increased the freight by 20 per cent. Now the prices of things are set to rise and the transporters are saying that if the government has not reduced the prices by at least Rs 20 per liter, the situation will worsen further.
According to transporters, there is a risk of cancellation of booking if the freight is increased by more than 5-7 percent in the old order. In this situation, the transport of one or two trucks is the most disturbing. About 50 thousand truck owners may be forced to park the car.
Direct impact on common man
Apart from everyday items, now the fares of taxi and auto have also increased. In Mumbai, the base fare of auto rickshaws and taxis has increased by three rupees. According to the new rate, the starting fare of an auto rickshaw will be 21 rupees instead of 18 rupees.
After this, every kilometer will cost 14.20. The minimum fare for the taxi was earlier Rs 22, which has been increased to Rs 25. After the initial fare, every kilometer will increase by Rs 16.93.
The new rates of rent will come into effect from next month i.e. March 1. Auto and taxi drivers will be able to take the increased fare by showing new rate cards to the passengers.
However, auto-taxi drivers will have to change their meters according to the new fare by June. Due to the continuous increase in the prices of petrol and diesel, the fare has been increased. Auto and taxi organizations were under constant pressure on the government to increase the fare.
Now the question arises why the prices of petrol and diesel are increasing
In a statement issued by Union Minister Dharmendra Pradhan, it has been said that the international market has reduced fuel production and secondly, manufacturing countries are producing less fuel for more profit. This is causing problems to consumer countries.
Fuel prices remained stable in the country for the second consecutive day on 22 February. Petrol in the capital Delhi is being sold at Rs 90.58 per liter and diesel at Rs 80.97.
According to a Goldman Sachs report, by July 2021, crude oil consumption will reach pre-COVID levels. Because industrial activity is continuously increasing amid the decline in corona cases.
While oil production by the oil producing group OPEC Plus (OPEC +) and Iran continues to cut. In such a situation, crude oil can be costlier by $ 10 per barrel. Brent crude will increase to $ 70-75 per barrel after the increase. It is at $ 63.11 a barrel on 22 February morning.
The report said that Goldman has recorded a 22% increase in the price of crude oil this year. On the other hand, the US government will not allow Iran to increase oil production recently. This will increase the prices of crude oil.
How will inflation increase this year
After the credit policy review, RBI Governor Shaktikanta Das has estimated inflation to be lower in the fourth quarter of the financial year 2020-21. Inflation is expected to be 5.2 percent.
At the same time, a report has said that the rate of retail inflation is expected to increase further. Earlier in December too, the rate of retail inflation was 4.59 percent.
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