Petrol prices cross ₹116 in Vizag, triggers concern
Petrol prices in Visakhapatnam have reached a historic high of ₹116.38 per litre, causing concern among motorists and the logistics sector. This increase follows a period of stability in fuel prices earlier this fiscal year, with significant hikes occurring over the past ten days. The rising costs are expected to impact freight tariffs and contribute to inflation in essential commodities.
- ▪Retail petrol prices in Visakhapatnam have surged to ₹116.38 per litre.
- ▪High-Speed Diesel prices have also increased to ₹104.11 per litre.
- ▪The price hikes are attributed to rising crude oil costs and supply disruptions in West Asia.
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VISAKHAPATNAM:A rapid succession of retail fuel price corrections has pushed fuel rates to a historic high in Visakhapatnam, triggering significant anxiety among motorists, daily commuters, and the local logistics sector.The latest revision saw the retail cost of petrol settling at an elevated ₹116.38 per litre, while High-Speed Diesel (HSD) escalated to ₹104.11 per litre. The sharp upward trajectory follows a prolonged period of pricing stability observed through the first four months of the current fiscal year.Retail fuel prices witnessed a sharp upward trajectory over the last 10 days, with petrol surging to ₹116.38 from ₹111.63 per litre.
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