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News Entry# 74274  
  
May 24 2012 (2:24AM)  Petrol hike announcement draws ire of public (economictimes.indiatimes.com)
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Commentary/Human InterestDMRC/Delhi Metro  -  

News Entry# 74274     
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Posted by: rdb**  89970 news posts  
NEW DELHI: "Are the fuel pumps pouring petrol or gold?"This was among the many angry reactions from Delhiites to the government's announcement to hike petrol prices.Many of them contemplated shunning their cars and avail services of Metro so that their pockets are not hit hard. As the government announced a Rs 7.50 per litre hike in petrol price from midnight, anger was written on the faces of many faces."Its not just about my car bills. What will be the effect of this hike? It will lead to price rise. Everything will now cost a bomb. Is it petrol or gold?" Jatin P A, a media professional, said.Many office-goers are also now planning to move to Metro. "I don't have a Metro station near my house. It is seven km from my house. I used to take my car. Now I can't. Because I will end up spending at least Rs...
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2,000 extra if I use car. I will have to switch to Metro," Madhumita Misra, an accountant residing in Indrapuram and works in Connaught Place, said.In the steepest ever hike, petrol price was increased today by Rs 7.50 a litre with effect from midnight tonight.State-owned oil firms said they will raise petrol price by Rs 6.28 per litre excluding local sales tax or VAT. The hike translates into Rs 7.50 per litre in Delhi. Petrol in Delhi currently costs Rs 65.64 a litre and after the increase it will be priced at Rs 73.14 per litre."I was planning to buy a car. If petrol price is sky rocketing like this, I have to rethink. I can't spend substantial part of my earnings on petrol," said Blesson Mathews, a junior software professional, said.
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