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Saturday 30 October 2021

Petrol at Rs 100/above litre — why there’s more to fuel price hikes than just global oil cost

 Petrol at Rs 100/above litre — why there’s more to fuel price hikes than just global oil cost


 Petrol and diesel prices hit a record high on Saturday after rates were hiked by 25 paise and 30 paise a litre respectively. The price of petrol went up to 101.89 a litre in Delhi and to 107.95 per litre in Mumbai.

 10 reasons given by the government in ten months as fuel prices 

 1.Nirmala Sitharaman calls the fuel price hike issue a 'dharamsankat',
  says Centre and states have to work a way out amid production downfall
2.PM Modi attacks ‘earlier’ governments as petrol
  price touches 100 per litre (18 February, 2021)
3.Dharmendra Pradhan claims international markets behind fuel price hike
4.High petrol, diesel prices burden on consumers; tax cut should be joint
  call of Centre, states: Finance minister Nirmala Sitharaman.
5.Dhamendra Pradhan defends high fuel prices citing government spending on welfare
  schemes, vaccination.
6.Dharmendra Pradhan blames Congress for petrol, diesel prices hike
7.Centre justifies higher taxes on petrol and diesel, says 'revenue aids various
  developmental schemes.
8.Excise duty on fuel calibrated to generate resources for infrastructure:
  Finance Ministry.
9.Hike in oil prices due to free Covid vaccines
  water costlier than petrol: MoS Petroleum.
10. Modi 2.0 is paying for fuel price reduction by UPA government, says FM.


 

 

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