CHENNAI: Petrol prices crossed Rs 100 at several places in Chennai on Friday,after oil companies effected an upward revision of the price over the past week.
Last Friday, petrol was sold above Rs 100 per litre in twelve districts in Tamil Nadu. Over the weekend, the numbers more than doubled in several places including in Chennai’s neighbouring Chengelpet district.
Among the major metropolitan cities, Mumbai breached the Rs 100-mark per litre three weeks ago.
According to the Tamil Nadu Petroleum Dealers Association, the retail selling price is fixed only by the oil companies and the price crossing Rs 100 in these districts is mainly due to the distance from the fuel loading point to the fuel stations.
On Friday, motorists said the prices had reached Rs 100 at several outlets within Chennai Corporation limits while at some outlets, petrol was sold at Rs 99.80 per litre.
“The prices of petrol and diesel are revised daily from June 2017 after the Union government adopted a dynamic pricing policy doing away with the policy of revising prices every fortnight. The Centre imposes uniform excise duty on petrol and diesel, but Vat imposed by states and differences in commission charged by oil companies and the transportation cost add to the price of the fuel. The prices will be always higher at bunks that are located far from their filling terminals, when compared to the prices at bunks located near,” said Tamil Nadu Petroleum Dealers’ Association president K P Murali.
Source: https://timesofindia.indiatimes.com/city/chennai/petrol-prices-breach-rs-100-in-chennai/articleshow/84056910.cms
