Petrol and diesel prices have risen by Rs 3.64 and Rs 3.24 respectively in Delhi since then. Diesel prices, which have already hit unprecedented levels, set new records across the country. Petrol prices in Mumbai have crossed Rs 85 per litre while diesel prices are just about to breach the Rs 74 mark.
Higher global crude oil prices, coupled with the bout of weakness in the rupee, are being attributed for the hike in domestic fuel prices. 1.
In Kolkata, the price was Rs. 80.61, against Rs. 80.47 on Friday.
The Union Government has been drawing flak from all quarters for high fuel prices.
The rise was despite the decrease in worldwide crude oil prices after three major producers Russian Federation, the United States, and Saudi Arabia said that they would increase their output amid global concerns over supply and persistent demand. Here's one from me: Reduce Fuel prices or the Congress will do a nationwide agitation and force you to do so. But now under the NDA government for every litre of petrol the consumer has to pay more than 50 % of its value as Central and state government taxes.
Battlefield V Will Not Include a Premium Pass
Battlefield V is coming and it is coming with so many great features and improvements that many shooters only dream of having. The game also features a heavy soldier, weapon, and vehicle customization.
Petrol in Kolkata is being sold at the rate of Rs 80.76 and at Rs 81.11 in Chennai. During the day, it tanked 11.44 per cent to Rs 155.45.
The government continues to increase oil prices on both occasions when crude prices go up as well as go down, appropriating the amount of differences that accrue due to fall in crude prices. In the face of surging crude prices since December 2016, the government has slashed excise duty only once by Rs 2 in October 2017.
Speaking to ANI, Pradhan said, "It is due to various circumstances in worldwide (oil) market and mainly the value of Indian Rupee has reduced in comparison to US Dollar, which has led to a surge in oil prices".
The tax, which may come in form of a cess, will kick in the moment oil prices cross $70 per barrel, sources privy to the development said.