Home Economy Vehicle owners aghast at another petrol price hike

Vehicle owners aghast at another petrol price hike

By IANS,

New Delhi : Vehicle owners in the national capital were Thursday left aghast as oil firms effected yet another hike in petrol prices by more than Rs.3 per litre – barely three months after the last raise.

“Another hike? At this rate, I will just have to abandon riding my bike. Is that what the government wants – for people to stop driving their cars and bikes?” a stunned Sandeep Sharma, a student, asked.

“How can the common man sustain with so many hikes at such close intervals?” reacted Sunil Kumar, a media professional.

India’s oil retailing companies Thursday decided to hike the price of petrol by Rs.3.14 a litre from midnight. The last hike was effected in May this year when the petrol price was raised by Rs.5 per litre.

“I will get my car re-fuelled tonight itself…before the hike is implemented. It won’t be permanent, but at least I will be relieved as long as that fuel lasts! But I am sure there will be long queues outside all petrol pumps,” said Sarita Verma, a professional.

Radhika Minoch, a student, said that in a way these hikes will encourage people to use public transport.

“The hike is not good news for vehicle owners, but in a way it’s a good thing. People will now be encouraged to use public transport. So that’s good news for the environment!” she said.