Effects of pandemic: After rise in Petrol-Diesel prices, dairy products to be costlier too

Petrol - Diesel

According to experts, due to the ever-increasing prices of petrol and diesel and the rising cost of production in the country, inflation will be an extremely huge problem in the imminent future. Moreover, due to the increase in the price of milk, the prices of dairy products have also risen. But as of now, some relief is expected from this scorching inflation in the upcoming month. The effect of the increase in petroleum prices has led to an increase in the prices of edible oils too. The price of mustard…

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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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