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Economy

Petrol prices up another Rs. 1.82 a litre

We are back up to the Rs. 68 levels (ex-Delhi), which is equivalent to Rs. 75 in Mumbai (and Bangalore).

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Prices go up because Crude just crossed $100, and the rupee is around Rs. 60.

They expect to raise Diesel prices also, soon. Things will get more expensive going forward. Seen through one prism it will bring *down* inflation because people will use less petrol. Seen through a more realistic prism, people will cut down on other spending because they can’t avoid using petrol. Eventually it means a slowdown, one way or another.

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