Petrol breaches Rs 80/litre mark in Delhi

Petrol Price

New Delhi, Sep 8 : Petrol and diesel prices witnessed another hike on Saturday as petrol  is being sold at a record high rate of Rs. 80.38 per litre in New Delhi, and diesel at Rs 72.51 per litre. While the Narendra Modi government has declared that it will not cut excise duty on the fuel to cushion the spiraling prices.

Delhi residents said, ‘The price hike is scary for common man. If the prices go up with this speed then the situation can become worse in the coming days. Govt should think about it.”

In Mumbai, petrol prices rose by 38 paise to be sold at Rs 87.77 per litre and diesel prices were hiked by 47 paise to Rs 76.98.

Diesel became dearer by 44 paisa a litre, selling at Rs 72.51 and Rs 76.98 per litre in Delhi and Mumbai, respectively.

Petrol and diesel rates have gone up every day since 26 August. Overall, petrol and diesel prices have gone up by Rs 2.71 and Rs 3.19 respectively in Delhi, since then.

The people across the country have condemned the Narendra Modi- led government for the continuous increase in the fuel prices.

The consistent hike in fuel prices has led the opposition parties to blame the Modi government for mismanagement. Former finance minister P Chidambaram on Monday asked the government to bring petrol and diesel under GST.

The Congress has accused the government of “fuel loot” that it said had raised Rs 11 trillion ($152 billion) for the exchequer since Modi came to power in 2014.

“The mismanagement of the economy has led to high fuel prices,” senior Congress leader Ashok Gehlot said. “When fuel prices were rising during (the previous government), taxes were reduced to take the burden off people.”

 

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