Rising petroleum prices ensue hike in Auto/Taxi fares in Mumbai

Taxi

Soaring petrol and diesel prices have now begun to affect public transport. In the Mumbai Metropolitan Region (MMR), auto-rickshaws and taxis have increased their base fares. Both auto-rickshaws and taxis have increased the minimum fare by ₹3. The minimum fare of an auto-rickshaw now stands at ₹21, while the base fare of a taxi is hiked up to ₹25. The Auto and Taxi unions of Mumbai, Thane and Navi Mumbai have welcomed the fare hike. Several auto-rickshaw and taxi drivers said they had been suffering for the past five years…

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Petrol and Diesel may become cheaper, says SBI Ecowrap Report

Petrol and Diesel Prices

Amidst COVID-19 pandemic, the global economy has taken a downturn. Stock, as well as commodity markets, are facing sharp falls. Rates of two of the most popular brands of crude, namely Brent and WTI have come down by 30% and are trading at $30.85 and $28 per barrel respectively. Analyzing the trends in global crude prices, SBI research report Ecowrap has predicted a corresponding reduction in petrol and diesel prices. As per the SBI Ecowrap report, petrol and diesel may become cheaper by Rs. 12 and Rs. 10 per liter…

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