Petrol costs Soar, Inflation at an all time new high – Switch to clean energy sources 

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Petrol

With surging oil and petrol prices in the international markets and India being the third largest oil importer, the dependence on oil is a concern for the national economy.

Mumbai has topped the list of all metros and states with high oil prices due to the highest sales tax or VAT.

The prices in Delhi is the lowest among the other metros due to the low rates in state-controlled taxes like VAT and sales tax.

Petrol Price 

METRO CITY

PRICE PER LITRE

Mumbai

90.17

Kolkata

84.63

Chennai

86.06

 

Diesel Price

METRO CITY

PRICE PER LITRE

Mumbai

78.67

Kolkata

75.95

Chennai

78.35

 

With the rising oil prices, the rupee has lost to a close 5-6 percent. Not just crude oil imports but also regular commodity traders and importers have to bear the brunt of high prices for their imports.

The only alternative to stabilize the economic impact is to reduce dependency on crude oil.

Switching to clean energy sources and solar energy is one of the solutions to this dilemma.

This will not only safeguard our economy but also ensure environmental protection.

Read more such articles at Newsstack.

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