SRINAGAR Petrol and diesel prices in Srinagar rose to all-time high with Rs 88.1 and Rs 78.5 per litre respectively.
The fuel pump owners here said that petrol price has increased 5.51 Rs/ltr since 28th August when it was 82.59 Rs/ltr, and Diesel price has increased 5.43 Rs/ltr since from 73.13 Rs/ltr.
The locals here in Srinagar are concerned about the pace with which the prices are increasing day by day. Some of them even complained that the fuel hike has severally affected them.
At this speed, it won’t take much time for petrol prices to reach Rs 100 per litre. We have no other option but to buy fuel to commute. Govt should reduce the prices, it’s affecting our budget. a commuter told this Kashmir News Service correspondent.
A government officials wished not to be named said that state taxes on petroleum are among highest in India, besides there are central excise duty and entry taxes levied on petroleum products add up to the price and finally burden on the consumer.
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