Petrol diesel price: fuel price hike ‘This’ big decision shocked the central government #PetrolpriceHike
Crude oil prices have risen sharply compared to last year. Crude oil has moved closer to ६ 65 a barrel. It currently costs over 63 a barrel. As a result, the price of petrol has gone up to Rs 100 per liter in many cities in India. In Mumbai, petrol is priced at Rs 97.57 per liter. The price of diesel is Rs 88.60 per liter.
The largest association of crude oil-exporting countries OPEC And groups of crude-producing countries made a big decision on Thursday. This has affected many countries, including India, which imports crude oil from these countries. This is because these countries and the organization have now extended their cuts in crude oil production to April. This led to an increase in fuel prices ( petrol diesel price hike ) Now these rates are showing signs of reaching new heights. As a result, the central government has suffered a major setback in the run-up to the assembly elections in five states.
The decision by OPEC and oil-producing countries is likely to push fuel prices further in India. In many cities in India, the price of petrol has gone up to Rs 100 per liter. These rates will skyrocket if fuel taxes are not reduced.
The Indian government had expected oil-producing countries to increase crude oil production from next month. But India’s expectations have been dealt a major blow. Now the pressure is on the government to bring fuel prices under control and reduce taxes on them.
The corona has led to a decline in demand for crude oil. As a result, oil-producing countries and exporters are determined to reduce crude oil production. India’s Petroleum Minister Dharmendra Pradhan had earlier called on OPEC and other countries to abide by their promise to keep prices stable. Other organizations, including OPEC, met last month.
Crude oil prices have risen sharply compared to last year. Crude oil has moved closer to ६ 65 a barrel. It currently costs over 63 a barrel. As a result, the price of petrol has gone up to Rs 100 per liter in many cities in India. In Mumbai, petrol is priced at Rs 97.57 per liter. The price of diesel is Rs 88.60 per liter.
The central government is being criticized for rising fuel prices. The demand is that the Center should reduce fuel. In Rajasthan, Assam, Meghalaya, and West Bengal, VAT was reduced by Rs 1 to Rs 7 last month. But the central government and other states have not cut taxes. The fuel tax is 60 percent of the rate.
