At Rs 76.48 per litre, cost of petrol reaches second highest rate ever recorded in Chennai
Petrol prices in the city hit a four-year high on Sunday, costing Rs 76.48 per litre. The rate was the second highest ever recorded in Chennai.
Published: 02nd April 2018 03:04 AM | Last Updated: 02nd April 2018 03:26 AM | A+A A-
CHENNAI: Petrol prices in the city hit a four-year high on Sunday, costing Rs 76.48 per litre. The rate was the second highest ever recorded in Chennai.
The price of petrol slipped past the Rs 76 mark on Friday and has raised the eyebrows of motorists. “Rs 80 per litre doesn’t seem far away,” said Diwakar Aravind, a student who laments how he has had to allocate more and more of his pocket money for petrol.
Samuel Timothy, a businessman, said petrol is slowly slipping out of the reach of the common man and the Central government’s promise of a reduction in fuel prices is becoming harder to believe.
Mylius Augustine, a human resource professional, highlighted how the “paise by paise” daily increase in prices has failed to garner a public outcry.
K Lakshmanan, who owns a restaurant, pointed out that petrol cost less than Rs 35 a litre when he bought his first motorcycle in 2002. “Global oil prices have fallen, yet petrol prices keep rising in our country,” he said.
The cost of petrol previously crossed the Rs 76 mark in 2014 when it recorded an all-time of high of Rs 76.93.