Finance Minister Nirmala Sitharaman’s big statement about the rising prices of petrol and diesel is coming out. He said, “This is a regrettable issue and no answer other than a reduction in prices can satisfy the people. Both the Center and the state should talk to bring down the retail fuel price to a reasonable level for consumers.” In Chennai, the Finance Minister said that the production estimates that the OPEC countries had projected are also likely to come down which is again raising concerns. The government is not in control of the price of oil. It has been technically freed. Oil companies import, refine and sell crude oil.
Today, Union Minister Ashwani Kumar Choubey has also said that the price of petrol and diesel determines the global market, we have reduced the price from time to time to reduce inflation. The Government of India is determined to reduce their prices. At the same time, the opposition is attacking the central government over the rising price of petrol and diesel. On the rise in petrol-diesel prices, AAP leader Raghav Chadha says, “The way the spokesperson Bharatiya Janata Party is looting this country, the way it is breaking the back of poor people and robbing people.” I don’t think any government would have done this in the history of this country. ”
Rajasthan Chief Minister Ashok Gehlot, who has charged the highest VAT on fuel, has attributed the economic policies of the Modi government to the rising prices of petrol and diesel. At the same time, former Uttar Pradesh Chief Minister Akhilesh Yadav attacked the government and said, “When petrol-diesel becomes expensive, inflation increases at the same time. By increasing inflation, they put the burden on the entire middle class, poor, farmers, youth. The BJP has caused so much inflation that the poor are thinking that what should we save … what are they eating? And they are arguing that this will make the country. ”
Also read: Rajasthan levies highest VAT on petrol and diesel, CM Gehlot said – Modi government’s economic policies responsible for increasing prices
Please tell that there is no relief in the prices of petrol and diesel even today. Today, the oil price has increased for the 12th consecutive day. Petrol climbed 39 paise to Rs 90.58 per liter in Delhi on Saturday. Diesel also jumped 37 paise to Rs 80.97 per liter. Petrol is notout at 101.22 in Sriganganagar, Rajasthan, while Bhopal in Madhya Pradesh is only 40 paisa away from its first century. However, the price of normal petrol in Anuppur district has already crossed the Rs 100 mark. Today, 100.98 liters is being sold here.
Also read: Tea leaves become expensive up to Rs 200 per kg, rising prices of petrol and diesel affect everything
Why is the price of petrol and diesel increasing, why the oil rate of 31.82 rupees 100? Where is the cheapest Petrol in the world
Branded petrol Rs 104 and diesel Rs 96.90 liter
In Rajasthan and Madhya Pradesh, branded petrol is already batting beyond 100. In Sriganganagar, branded petrol is Rs 104 and diesel is 96.90 paise a liter. The same petrol in Bhopal is 101.51 liters. See at what price petrol and diesel are being sold in major cities of the country today…
name of the city Petrol Rs / liter
Diesel Rs / L
Shri Ganga Nagar 101.22 93.23
Indore 98.69 89.34
Bhopal 98.6 89.23
Jaipur 97.1 89.44
Mumbai 97 88.06
Pune 96.64 86.38
Bengaluru 93.61 85.84
Patna 92.91 86.22
Chennai 92.59 85.98
Kolkata 91.78 84.56
Delhi 90.58 80.97
Lucknow 88.86 81.35
Ranchi 88.08 85.6
Chandigarh 87.16 80.67
Petrol has become costlier by Rs 6.46 in the year 2021. However, petrol and diesel rates increased in just 24 days in January and February. At the same time, diesel has become expensive at Rs 06.77 per liter in these 24 days. In the last 10 months itself, its price has increased by about Rs 17.
Also read: Freight will be hit on the budget of the house , the general public will bear the burden of inflation
#WATCH : Finance Minister Nirmala Sitharaman speaks on fuel price hike, “It’s a vexatious issue in which no answer except for fall in fuel price will convince anyone. Both center & state should talk to bring down retail fuel price at a reasonable level for consumers … ” pic.twitter.com/28LGWNye7I
– ANI (@ANI) February 20, 2021
This is how the rate of petrol and diesel increases
After adding excise duty, dealer commission and other things to the price of petrol and diesel, its price almost doubles. If excluding the excise duty of the Central Government and the VAT of the State Governments, then the rate of diesel and petrol would be around 27 rupees a liter, but both the Central or the State Government, can not remove the tax at any cost. Because a large part of the revenue comes from here. This money leads to growth.
Prices are fixed every morning
In fact, the prices of petrol and diesel change daily depending on the price of crude in the international market along with the foreign exchange rates. Oil marketing companies fix petrol and diesel rates daily after reviewing prices. Indian Oil, Bharat Petroleum and Hindustan Petroleum revise petrol and diesel rates at 6 am daily.
Know the rates of petrol and diesel in your city through SMS
You can also check the price of petrol and diesel in your city daily via SMS. Indian Oil (IOC) consumers can send RSP