Petrol Price Rise: Will States Cut Tax To Help Consumers
As in other parts of the world, Nepal has seen the prices of fuels hike in recent months over the Russia-Ukraine conflict and other factors.
Speaking at an interaction with chief ministers on the emerging COVID-19 situation in the country, Modi said he wanted to flag a separate issue of the challenges being faced by the people due to the global situation.
With the semiconductor shortage beginning to ease, 2022 was expected to be a better year, as indicated by increased sales during the initial months.
When Life Gives You Lemons | Consumers React On Price Hike
After being hiked for five consecutive days, petrol and diesel prices remained steady across the country on Thursday.
Public Reaction On Petrol Price Rise | Watch Consumers Narrate Struggles With Increasing Fuel Rates
Participating a debate in Lok Sabha on the fuel price rise, Puri defended the Centre and said that price of petrol have been raised by Rs 9 over 12 or 13 days, whereas the international prices have shot up. He cited figures, which compared petrol prices between April 2021 and March 2022.
Till last Tuesday, fuel prices were steady since November 2021 when the Centre reduced excise duty on petrol and diesel by Rs 5 and Rs 10 per litre, respectively.
After the second adjournment when the House reassembled at 2 p.m., the panel deputy chairman Sasmit Patra said that the Union Minister for Labour and Employment Minister Bhupender Yadav will reply on the debate on the working of the Ministry but the oppositions' commotion continued as they wanted a discussion on the price rise.
WATCH Reactions | Public Frustrated Over Rising Petrol Diesel Prices In India
The prices of petrol and diesel registered an increase of 43 paise and 42 paise in the State on Monday. With the latest price revision, petrol is now being sold at Rs 110.96 while diesel price has reached Rs 100.65/ litre in Bhubaneswar.
If such a price rise of fuel continues, the price of several other essential commodities will most likely mount. This will again add up to the woes already inflicting on the monthly budget of lower and middle-class families.
The rates of petrol and diesel have been increased across the country and vary from state to state. This is the 10th increase in prices since the ending of a four-and-half-month long hiatus in rate revision on March 22.
The industry has been urging the Centre to include the fuel type in the ambit of GST, similar to the status given to 'Bunker Diesel' which is used in the shipping sector.
WATCH | Public Reaction On Petrol Diesel Price Hike For The Eighth Time In 9 Days
On March 22, fuel prices were revised for the first time after a gap of nearly four months. With the price revision, petrol price per litre has now reached Rs 111.09 paisa at Kalimela in Malkangiri district.
Petrol in Bhubaneswar was retailing at Rs 103.69 as against 102.66 previously while the diesel rate has gone up from Rs 92.48 per litre to Rs 93.61 per litre, as per a price notification of state fuel retailers.
According to CRISIL Research, a hike of Rs 15-20 per litre is required to fully pass the increase in international oil prices.
With the latest price revision, petrol and Diesel prices have gone up by 96 paisa and 91 paisa respectively, in Bhubaneswar. Petrol in the capital city of Odisha will now cost Rs 102.74 per litre while diesel will be sold at Rs 92.54 per litre.
Prices also remained static on Sunday in Kolkata where the price of petrol was reduced by Rs 5.82 to Rs 104.67 per litre and that of diesel by Rs 11.77 to Rs 89.79 per litre on the previous day.
With diesel prices rising sharply, the fuel is now available at over Rs 100 a litre in several parts of the country
Hundreds of agitating ruling party workers hit the streets with bullock carts, bicycles and trolleys and demanded immediate cut in the fuel prices. Similarly, women leaders and party members of Biju Mahila Janata Dal staged a sit-in and lit hearths on road to protest LPG cylinder price hike.
The Biju Chhatra Janata Dal (BCJD) and Biju Yuva Janata Dal (BYJD) will hold demonstrations outside petrol pumps in all 147 assembly constituencies.
In the Capital city of Bhubaneswar, while the price of per litre petrol has skyrocketed to Rs 109.71, the price of diesel has touched Rs 106 per litre.
It remained static again on Monday and Tuesday before rising again on Wednesday.
The fuel prices remained static on Monday and Tuesday, but had risen for four straight days by 35 paise per litre previously before rising again for three consecutive days on Wednesday, Thursday and Friday.
Diesel is now available at over Rs 100 a litre in several parts of the country.
The hike in fuel prices has also affected the prices of other essential commodities like oil, pulses and vegetables, setting kitchens on fire.
In Odisha, the compounding effect of fuel price hike continues to pile up more miseries on people with the rise in fares of public transport. As per the data available with OTV, in the last 20 days, petrol prices have jumped over Rs 4.50 while diesel has now become dearer by Rs 5.49 since September 28.
Since the ending of a three-week-long hiatus in rate revision in the last week of September, this is the 14th increase in petrol price and the 17th time that diesel rates have gone up.
This is the 13th time that petrol price has been hiked in two weeks while diesel rates have gone up on 16 times in three weeks.
Prices of auto fuels petrol and diesel rose on Friday too as global oil surged again, with benchmark Brent crude gaining over 1 per cent to cross $83 a barrel.
The Power Minister also desired the ministry to hold a separate review of power plants with captive mines to ensure maximum use of these mines by the power plants.
The soaring prices of petrol and diesel have sparked widespread resentment among people especially the middle class in Odisha as the prices of the fuel have breached Rs 100-mark per litre at several places including the twin cities of Bhubaneswar and Cuttack.
The Odisha Transport Department on Thursday increased the bus fare in the State owing to a continuous rise in the price of Diesel.
Global cues pushed fuel prices to increase again across the country on Saturday, adding more misery for the common man already grappling with rising food prices amidst shrinking income.
Fuel prices increased again across the country on Friday adding more misery to the common man's woe, as he already grapples with rising food prices amid shrinking income.
Fuel prices increased again across the country on Wednesday adding more misery for the common man already grappling with rising food prices amidst shrinking income.
Retail price of regular petrol and diesel in the city of Mumbai may soon cross Rs 100 a litre and Rs 90 a litre respectively, its highest level ever, with prices of the two auto fuels being revised upwards again by Oil marketing companies (OMCs) on Tuesday.