Petrol-Diesel Price Hike: Inflation hit the general public! Petrol became costlier by Rs 36 in 18 months

Shivam Bangwal October 23, 2021

2 minutes read

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Petrol-Diesel Price Hike: There is a continuous increase in the prices of Petrol-Diesel. Prices have increased on Saturday also. Let us tell you that since May 2020, there has been an increase of about Rs 36 per liter in petrol prices. At the same time, diesel prices have increased by Rs 26.58 per liter in these 18 months. Due to the rapidly rising oil prices every day, a lot of impact is being seen on the pockets of the general public.

Petrol being sold at Rs 107.24 per liter in Delhi
According to the price notification of public sector petroleum companies, the price of one liter of petrol in Delhi has now gone up to Rs 107.24 per liter. At the same time, diesel has reached Rs 95.97 per liter. Apart from this, the prices of crude oil are increasing at the international level, the effect of which is visible here as well. The price of petrol has crossed the century in all the major cities of the country. At the same time, diesel is being sold more than Rs 100 per liter in more than a dozen states.

In May 2020, the government had increased the excise duty
Petrol has become costlier by Rs 35.98 per liter after the government raised the excise duty to a record level on May 5, 2020. At the same time, diesel prices have increased by Rs 26.58 per liter during this period.

Petrol excise duty is not decreasing
The government had increased the excise duty on petrol and diesel after the international crude oil prices fell to a record low of $ 19 per barrel. However, since then the international crude oil prices have improved to $ 85 per barrel, but the excise duty on petrol remains at Rs 32.9 per liter. Similarly, excise duty on diesel remains at Rs 31.8 per liter.

Know what the Petroleum Minister said?
Petroleum Minister Hardeep Singh Puri had said on Friday that excise duty cut on vehicle fuel would amount to “an axe on one’s own foot”. He had said that with such charges, the government is running schemes like free Kovid-19 vaccination, food grains and cooking gas distribution. This has helped millions of people during the pandemic.

Opposition is taunting the government
On excise duty cut, he said, “I am not the finance minister, so it would not be appropriate to answer this. We are running welfare schemes with the Rs 32 per liter that we are collecting. These include one billion vaccinations. ”The opposition Congress is constantly surrounding the government on this issue. Congress says that the government should cut the duties on vehicle fuel.

Check what is the price of petrol and diesel in metros today