No hike in petrol, diesel prices after 21 days

Clay Curtis
June 30, 2020

In a statement, Finance Division says that the price of petrol has been increased from existing Rs 74.52 to Rs 100.10 per litre by Rs 25.58 or 35 percent increased.

While diesel has been recording new highs since 19 June, petrol prices are also close to the all-time high rates last seen in October 2018 when worldwide oil prices had spiked close to $80 per barrel.

"If you're going to increase prices so much and so suddenly, obviously we will have to increase fares", said one transporter. Similarly, diesel attracts 63 per cent or Rs 49.43 per litre as taxes, including Rs 31.83 as excise duty and Rs 17.60 as VAT.

Taking part in the "Speak Up Against Fuel Hike", she said the common people were finding it very hard with the double blow of the COVID-19 pandemic and the continuous rise in in petrol and diesel prices.

The leaders including the party's state president DK Shivakumar and former Chief Minister Siddaramaiah were followed in the rally by party workers on the route to the party office. Opposition parties like Congress have also organised protests with national leaders questioning the central government and state units taking out protest marches. In fact, several state governments have also hiked their Value-Added Tax or cess on fuel in the last month. In Delhi, where the diesel costs more than petrol, both the fuels are now priced above ₹80. In fact, now around 70 percent of the retail price of fuel is just some form of tax. "In such a scenario, the recent increase in petrol and diesel prices has not impacted the common man".

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The Delhi Congress leaders, along with party workers, held protests at petrol pumps in all the districts of the city.

Rajasthan Deputy CM Sachin Pilot with Congress leaders at a protest in Jaipur against the fuel price hike.

Selja said when the Congress-led UPA was in power, relief was given to people even though global crude oil prices were soaring while the Modi government has been raising petrol and diesel prices, burdening the common people and the farmers already facing hardships due to the coronavirus pandemic.

Fuel rates are increasing incessantly since oil companies resumed their revision of prices on June 7 after an 82-day-long pause.

"Not once but 22 times they raised the prices of petrol and diesel".

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