Petrol-Diesel prices hike in a row

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Since March 22, petrol prices have risen by Rs 4 per liter and diesel prices hike by Rs 4.10 per liter.

On Monday, the price of petrol was increased by 30 paise per liter, and the price of diesel was increased by 35 paise, bringing the total increase in rates in the last week to Rs 4-4.10 per liter.

According to a price announcement from state fuel dealers, petrol will now cost Rs 99.41 per liter in Delhi, up from Rs 99.11 earlier, and diesel will cost Rs 90.77 per liter, up from Rs 90.42 previously.

Prices have been raised across the country, and they differ from state to state based on the amount of municipal taxation. This is the sixth price rise since the end of a four-and-a-half-month rate review break on March 22.

Petrol and diesel cost Rs 114.19 and Rs 98.50 a liter in Mumbai, respectively, while petrol and diesel cost Rs 105.18 and Rs 95.33 in Chennai. And in Kolkata, Petrol will now cost Rs 108.85 per liter, while diesel will cost Rs 93.92. In Bengaluru, a liter of petrol costs Rs 104.78, and a liter of diesel costs Rs 89.02. As per the new rates.

Meanwhile, Congress on Sunday targeted the BJP government over the fuel price hike, demanding that it account for the Rs 26 lakh crore “accrued” through excise duty on gasoline and diesel over the last eight years.

Congress chief spokesperson Randeep Surjewala said in a tweet in Hindi, “Will tell it strongly, in eight years, the company made a profit of Rs 26,00,000 crore by tax evasion on fuel and diesel.

Were silent for 137 days to deceive people in elections, then looted Rs 3.75 per liter in barely six days.”

Surjewala also shared an old video of Prime Minister Narendra Modi discussing the Opposition, crediting his luck for a drop in fuel prices.

The rise in crude oil prices in foreign markets may cause fuel costs to rise. This will have a cascading effect on other prices, causing inflationary pressure and slowing GDP.

Published by : Aditya Andharia 

Edited By : Khushi Thakur

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