After another spike in the prices of petrol and diesel in the country, a liter of diesel in Delhi costs more than a liter of petrol. A liter of Diesel in Delhi cost Rs. 79.88.
On Wednesday, the Oil Marketing Companies once again revised the prices of petrol and diesel. The Diesel was hiked by 48 paise on Wednesday while the petrol price remained the same. The fresh increase means that now, a liter of diesel in Delhi will now cost Rs. 79.88 while the same quantity of petrol costs Rs. 79.76. As per the sources, both these prices are likely to cross Rs. 80 mark in Delhi as the Oil Marketing Companies are likely to keep revising the price.
However, the hike in prices comes after the prices of international crude oil slid on Wednesday. Although the reports suggest that international crude prices is likely to rebound and gain control soon. If this happens, the prices of petrol and diesel will once again raise in India. The petrol and diesel prices in India have seen a continuous hike in the range of Rs. 8-10 per liter in the last few months. The daily rise in fuel rates in India started on June 7th. However, after the central government interfered and increased the excise duty sharply, the daily revision was paused.
Opposition Slams Government
Several states in India too have steeply increased the VAT rate also which has contributed to a bigger spike in the petrol and diesel rates. This has drawn criticism from opposition parties towards the government. The interim President of the Congress Party Sonia Gandhi slammed the government and even penned a letter to Prime Minister Narendra Modi urging the government to keep a check on fuel prices.
In the state of Madhya Pradesh where the prices of diesel and petrol is one of the highest in the country, the state Congress unit has decided to protest against the continuous hike in prices. However, as per the experts, the hike in petrol and diesel prices are expected to further increase given the state of the economy due to the coronavirus pandemic.
Source: India Today