Indian Subcontinent

Fuel Prices : Continuous hike reaches 20th day .. Opposition targets Modi government

The prices of petrol and diesel continued their upward trend for 20th day in a row. On Friday, the petrol was retailing at Rs 80.13 a litre in Delhi and diesel price was Rs 80.19 a litre.
with the continues increase diesel prices in Delhi had shot past petrol prices on Wednesday for the first time ever.
 
Today 20th day was an increase of 21 paise in the price of petrol and 17 paise a litre in diesel price.
 
Except for Wednesday, the petrol price has also gone up across the country since June 7, when the daily revision of prices started after a gap of 82 days due to Covid-19.
Fuel Prices : Indian Cities 26.June. 2020
New Delhi: Petrol ₹80.13. Diesel ₹80.19
Gurgaon: Petrol ₹78.35. Diesel ₹72.47
Mumbai: Petrol ₹86.91. Diesel ₹78.51
Chennai: Petrol ₹83.37. Diesel ₹77.44
Hyderabad: Petrol ₹83.18. Diesel ₹78.36
While the current crude oil prices at about $40 is similar to August 2004 level, yet consumers are paying a heavier bill, During August 2004,
 
When Crude crude oil prices at about $40 is similar to August 2004 level In Delhi petrol was Rs 36.81 per litre and diesel ₹ 24.16
But today Crude crude oil prices at about $40 but currently petrol is being sold at ₹ 80.13 per litre and diesel at ₹80.19 per litre
 
Petroleum Consumption statistics put forth Between financial year 2014-15 to 2019-20, the BJP party led Modi government has hiked taxes on petrol and diesel 12 times and has collected a whopping Rs 17,80,056 crore in just the last six years.
The freeze in rates was imposed in mid-March soon after the government hiked excise duty on petrol and diesel to shore up additional finances.
 
Oil PSUs Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL), instead of passing on the excise duty hikes to customers, adjusted them against the fall in the retail rates that was warranted because of a decline in international oil prices.
 
The Opposition has been relentlessly attacking the government over the fuel price hike.
 
Congress leader Priyanka Gandhi said on Thursday that it has become clear that the Centre is only interested in picking pockets of the people even in times of crisis.
 
The Congress will hold mass protests across the country on Monday over the “unprecedented” rise in petrol and diesel prices.
 
Rashtriya Janata Dal (RJD) leaders Tejashwi Yadav and Tej Pratap Yadav along with party workers held a cycle march protest against rising fuel prices in Patna on Thursday.
Splco Reporter
Special Correspondent Group of right thinking writers who eulogise self expression in quest of truth in news making jointly contribute under the platform of splco.me a novel social media channel.
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