Diesel, the fuel that powers public transport and goods vehicles, has breached the Rs-70 mark for the first time in Kolkata. Petrol, too, has reached an all-time high of Rs 78.91 a litre in Kolkata and is inching towards breaching the Rs-80-a-litre mark, but it is the hike in diesel price that has the transport sector more worried.
“I have tracked diesel prices since the last three decades and not seen anything like this,” West Bengal Petroleum Dealers’ Association president Tushar Kanti Sen said. On Sunday, diesel price in the city increased 26 paise to hit Rs 70.12 per litre.
“This may have a direct impact on inflation in the short term,” economist Abhirup Sarkar said. “The worry is that the price of essentials may see a sudden spike,” he added.
Economists’ fears are not unfounded. Bus operators have barely waited for the panchayat poll results to be declared before pressing for a hike in fares again. Read More