After the excise duty increase in the union budget yesterday the new increased prices of petrol in the city are as follows: Petrol: Rs.53.52 earlier it was Rs.50.56 (increase of Rs.2.96) Diesel: Rs 40.00 Historical price chart over the years Related Posts:Petrol price in Belgaum Rs.: 46.10 & Diesel Rs.34.94Petrol to cost 51.57 in BelgaumNew petrol/Diesel Price in BelgaumPetrol in Goa will be cheaper by Rs 21 than in BelgaumPetrol costs over 70 belgaum, budget, diesel, petrol, price, rate
I remember in Feb 89 the pertol at Belgaum cost Rs 9.73. after 21 years 53.00 looks a 5 and a half time increase. But this just 8.40% increase per year(negative power of compunding).