Petrol Price Hike in Delhi (2002-2012)
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The petrol price hike has been in the spotlight in India for sometime now, due to the fact that it is forever rising. The rise in the price of petrol is a concern because it triggers off a lot of other price rises. As a result of this untamed price rise in petrol the price of food and other essential commodities goes up and has a direct effect on the Indian economy.
The Commerce Ministry says that food inflation was over 12%, the highest in the past 9 months. This was essentially due to the rising prices of meat, milk and vegetables, which in the first place was caused due to an inflation of petrol. State owned oil companies have also increased gasoline prices by about 2.5%, the 4th increase in the year. Clearly this is a vicious cycle that needs to be curbed.
The graph displayed here follows the rise in the price of petrol in India over the years from 2002 to Till Now. One look at the graph is enough to make it rather evident that the price of petrol has only risen over time with only a slight dip somewhere in January 2009. The price of petrol in 2002 was around Rs.30 a liter, which was considered steep even then and today the price of petrol stands at an exorbitant Rs. 68 per liter, boring a hole in the pocket of the consumer.
Last Updated on 11/9/2011
The graph displayed here follows the rise in the price of petrol in India over the years from 2002 to Till Now. One look at the graph is enough to make it rather evident that the price of petrol has only risen over time with only a slight dip somewhere in January 2009. The price of petrol in 2002 was around Rs.30 a liter, which was considered steep even then and today the price of petrol stands at an exorbitant Rs. 68 per liter, boring a hole in the pocket of the consumer.
Last Updated on 11/9/2011
