Petrol Price Hike in Mumbai (2002-2012)

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The rising price of petrol has been in the news lately and has been a cause of concern and fury of many. Mumbai, the financial capital of India, has also been hit by this rise in price of fuel. Fuel retailers in India have raised fuel prices by 4.5% as a result of the rising global crude oil prices. India is currently battling the highest inflation of any major Asian economy. Seized by rising food and fuel prices, the central government has come under the scanner for failing to implement major structural reforms to control rapid inflation that has hit millions of poor people in India.

The graph depicted here displays the rising prices of petrol in the city of Mumbai from the year 2002 to 2011. As it is clearly visible the price of petrol has been on an upward climb, with prices dropping slightly somewhere in 2009. Since then the price of fuel has only gone up. The price of petrol, in June 2002 stood at Rs. 33.45 pet liter and as of November 4th 2011 is Rs. 73.81, putting a huge strain on the pockets of the consumer.

Last Updated on 05/25/2012