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Petrol prices hiked 6 times in a week

  •   Sat, Aug 22 2020 01:05:38 PM

New Delhi, Aug 22 (IANS): State-run oil marketing companies increased the price of petrol for the third consecutive day on Saturday with this it was sixth time that the fuel price was raised in seven days.

Petrol prices were raised by 16 paise in Delhi to Rs 81.35 a litre; in Mumbai, it stands at Rs 88.02 a litre.

Diesel prices, however, continued to remain steady for 23 days in a row, just like it was for petrol prices in July.

Petrol prices were kept on hold since June 29, while diesel prices were revised irregularly throughout the period. Petrol prices were revised on August 16 after a long pause. Since then there has been a consistent increase in petrol rates.

Since August 16, petrol prices have been raised by a margin of 92 paise per litre. Diesel prices have remained stable since the Delhi government announced a 13.25 percent reduction in the Value Added Tax on July 30, which had caused the price to fall by Rs 8.36 per litre. Diesel is priced at Rs 73.56 a litre in the capital.
  

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Comment on this article

  • smr, Karkala

    Sat, Aug 22 2020

    Crude oil is at its lowest. et the govt increases excise on petrol n diesel. It does not make sense..when you can bring down the price, why burden the people in such hard times?? Why this vindictive attitude?

    For last 6 years, Govt and Oil Marketing Companies have been making huge windfall gains. The BJP Government in total would have made a profit of Rs 20 lakh crores by charging exorbitant taxes on petrol-diesel.

    The Center could have reduced petrol prices by Rs 25 per litre if it wanted to benefit common people. With base price at less than Rs20, Indians now pay 300% in taxes to government on every liter.

    When the UPA-I came to power in May 2004, the price of petrol in Delhi was Rs. 33.71 per litre. Ten years on, when Narendra Modi took over as the PM in May 2014, petrol was priced at Rs. 71.41 per litre in the national capital.

    In 2014, the excise duty on per litre of petrol and diesel were Rs 9.48 and Rs 3.56 respectively. This has risen to Rs 32 per litre for petrol and Rs 31.83 for diesel (a hike of around 137%). A recent report by Care Ratings noted that the Central government now collects around 270 per cent taxes on the base price of petrol and 256 per cent in the case of diesel.

    Where is Baba Ramdev who said he can sell petrol, diesel at Rs 35-40 a litre if government allows, but can he?
    Here is the Twitter of Modi when he was Chief Minister
    "Massive hike in #petrol prices is a prime example of the failure of Congress-led UPA. This will put a burden of hundreds of crores on Guj."-7:54 AM · May 23, 2012·

    Why Are Modi Govt & Bollywood Actors Silent Now? Is steep increase of fuel prices in India is the self declaration of PM Modi's BJP government total failure?

    Jai Hind!

    DisAgree Agree [4] Reply Report Abuse

  • k b r, Mangala Uru

    Sat, Aug 22 2020

    it was revised 6times in a week, if Sunday was not a holiday, it would have been revised 7 times a week...

    DisAgree [1] Agree [6] Reply Report Abuse

  • H.A.Sayed, Udupi- Muscat

    Sat, Aug 22 2020

    crude oil price is all time low in international market

    DisAgree Agree [8] Reply Report Abuse

  • Bhavya Baliga, Udupi

    Sat, Aug 22 2020

    Who cares except cycle owners because Maruti small car sales are up by 10% and scooters are wait listed.

    DisAgree [7] Agree [2] Reply Report Abuse

  • Rolf, Dubai

    Sat, Aug 22 2020

    Adani is one of the top richest person in the world .

    DisAgree [3] Agree [13] Reply Report Abuse

  • Jeevan, Mangalore

    Sat, Aug 22 2020

    Let it reach Rs 100/- I will vote for Modi only.

    DisAgree [18] Agree [9] Reply Report Abuse

  • Abdul Aleem Faroqui, UAE

    Sat, Aug 22 2020

    And then you will find your self in the middle of nowhere!

    DisAgree [1] Agree [4] Reply Report Abuse

  • David Pais, Bannur / Puttur Mangalore

    Sat, Aug 22 2020

    surely petrol & diesel prices will overtake dr.manmohan singh's age.

    DisAgree [2] Agree [25] Reply Report Abuse


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