+
Minor Rise in Fuel Prices in Kolkata
ECONOMY & POLICY

Minor Rise in Fuel Prices in Kolkata

Residents of Kolkata are experiencing a slight increase in fuel prices, with petrol now priced at Rs 105.41 per litre and diesel at Rs 92.02 per litre, effective from 12 May. This adjustment follows a revision in the basic fuel price by oil marketing companies (OMCs), impacting daily commuters and raising concerns about inflation and sustainable transport options in the city.

The price hike amounts to forty paise for petrol and twenty paise for diesel, reflecting periodic evaluations by OMCs based on operational and logistical factors. While such changes are typically minor, they directly influence retail prices paid by consumers.

In contrast, Patna witnessed a sixty paise per litre decrease in diesel prices, while fuel rates in other eastern states remained stable. The timing of this adjustment coincides with ongoing concerns about consumer inflation and the financial strain on daily commuters.

The reliance on fossil fuels in urban transportation highlights the need for sustainable alternatives. Experts suggest that policymakers should promote solutions such as electric vehicles and improved public transport infrastructure to reduce dependence on fossil fuels and enhance urban mobility.

As Kolkata navigates these changes, focusing on developing resilient and equitable transport systems is vital to address both economic and environmental challenges.

Source:UrbanNews


Residents of Kolkata are experiencing a slight increase in fuel prices, with petrol now priced at Rs 105.41 per litre and diesel at Rs 92.02 per litre, effective from 12 May. This adjustment follows a revision in the basic fuel price by oil marketing companies (OMCs), impacting daily commuters and raising concerns about inflation and sustainable transport options in the city.The price hike amounts to forty paise for petrol and twenty paise for diesel, reflecting periodic evaluations by OMCs based on operational and logistical factors. While such changes are typically minor, they directly influence retail prices paid by consumers.In contrast, Patna witnessed a sixty paise per litre decrease in diesel prices, while fuel rates in other eastern states remained stable. The timing of this adjustment coincides with ongoing concerns about consumer inflation and the financial strain on daily commuters.The reliance on fossil fuels in urban transportation highlights the need for sustainable alternatives. Experts suggest that policymakers should promote solutions such as electric vehicles and improved public transport infrastructure to reduce dependence on fossil fuels and enhance urban mobility.As Kolkata navigates these changes, focusing on developing resilient and equitable transport systems is vital to address both economic and environmental challenges.Source:UrbanNews

Next Story
Infrastructure Energy

Bihar Launches Rs 53.4 Billion Green Energy Plan

The Bihar government has taken a major stride towards clean energy with the launch of two new policies and the signing of agreements totalling Rs 53.4 billion. These initiatives aim to generate 2,357 megawatts (MW) of renewable energy through solar, wind, battery storage, and other sustainable technologies.The Bihar Renewable Energy Policy 2025 and the Pump Storage Policy 2025 were officially introduced at an event in Patna. Designed to attract significant investment, the policies seek to position Bihar as a key centre for clean energy projects. Energy Minister Bijendra Prasad Yadav stated tha..

Next Story
Infrastructure Transport

Bids Invited for Rs 62.5 Billion Vizag Metro Project

The long-anticipated Visakhapatnam Metro Project has made significant progress, with the Andhra Pradesh Metro Rail Corporation inviting bids for the first civil contract under Phase 1 of the Vizag Metro. The estimated cost of this contract is Rs 62.5 billion.This engineering, procurement and construction (EPC) contract covers the design and construction of a 46.23 km viaduct spanning three corridors, including a 20.16 km double-decker four-lane flyover cum metro viaduct. The project also comprises 42 elevated metro stations across Visakhapatnam.Recently, SYSTRA Consultancy signed a Memorandum ..

Next Story
Real Estate

Oberoi Realty to Buy Hotel Horizon for Rs 9.19 Billion

A consortium led by Mumbai-listed Oberoi Realty Ltd is set to acquire debt-laden Hotel Horizon Pvt Ltd in Juhu, Mumbai for Rs 9.19 billion (approximately USD 107 million) under a resolution plan approved through India’s Insolvency and Bankruptcy Code (IBC).In a filing to the stock exchange, Oberoi Realty confirmed that the Committee of Creditors of Hotel Horizon had approved the resolution plan, following which a letter of intent was issued. The consortium also includes Shree Naman Developers and JM Financial Properties.As per the resolution plan, the consortium will make a payment of Rs 9.1..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?