The rising prices of petrol and diesel every day have put more burden on the people of the country facing inflation. The situation is such that their prices have been increased 14 times in 17 days. However, now a report quoted sources as saying that the central government has prepared a big plan to give relief to the general public from the rising prices of petrol and diesel. It has been said that their prices may remain stable for the coming few days.
Guidelines are given to oil companies
Sources in the report have said that under the scheme prepared by the government to provide relief to the general public amid rising oil prices, the prices of petrol and diesel may remain stable again. According to sources, such guidelines have been issued by the government to the major oil marketing companies in the country. Apart from this, there is also a possibility that if the prices of crude oil do not come down at the international level and the prices continue to rise like this, then the government can also take steps to cut the excise duty on petrol and diesel. So that the burden on the general public can be reduced. According to the report, the government has also asked the states to cut the VAT charged on petrol and diesel.
More than Rs 10 increase in 17 days
Significantly, there was no change in the prices of petrol and diesel in the country on Thursday. At the same time, till Wednesday, it had been increased 14 times. The prices of both were increased by 80-80 paise per liter last season. In these 17 days, the price of petrol and diesel has increased by more than Rs 10. Meanwhile, fuel prices remained the same for only three days March 24, April 1, and April 7. On Thursday, the price of one liter of petrol has reached Rs 105.41 in Delhi, while the price of diesel is being sold at Rs 96.67 per liter.
Petroleum Minister gave the assurance
It is worth noting that even in the past, when the opposition had targeted the government over the oil prices, Petroleum Minister Hardeep Singh Puri had defended the government over the increase in fuel prices, saying that it was due to the increase in prices in the international market. Has happened. However, he assured that efforts are being made to provide fuel at affordable prices to the people of the country.
The impact of the rise in crude oil
According to experts, rising crude oil prices also affect the prices of petrol and diesel in the country. Let us inform you that in the past, the price of crude oil in the international market had reached its highest level since 2008 at $ 139 / barrel. However, after that, there was a decrease in it, but for the time being, its price has remained consistently above $100 per barrel. Commodity experts say the crisis in crude oil prices has been exacerbated by the ongoing war between Russia and Ukraine. He said that if the situation continues like this for a long time, then the people will have to bear the burden of more inflation.
15 to 22 rupees can be expensive
Talking about the reports in the past, it was speculated by many that instead of increasing the price of petrol and diesel completely, it was speculated that the oil companies will increase the price gradually to compensate for their losses. It was estimated in the report that the price of petrol and diesel in the country could be increased by Rs 15 to 22 respectively in the coming days. Meanwhile, let us tell you that because of the increase in the price of petrol and diesel in the country, many rating agencies have also reduced India's GDP growth estimate, citing the threat of inflation.
heavy losses to oil companies
Earlier reports had said that the rise in crude oil prices due to the ongoing war between Russia and Ukraine has been very harmful to Indian oil companies. In this new report by Moody's Investors, it was said that keeping the prices of petrol and diesel stable despite the rise in international crude oil prices has been a burden on the oil companies. It has been estimated in the report that due to this, the oil companies suffered a loss of Rs 19000 crore in March alone.
This is how the prices are fixed
Let us tell you that the prices of petrol and diesel change every day at 6 am. The new rates are applicable from 6 am onwards. After adding excise duty, dealer commission, and other things to the price of petrol and diesel, its price almost doubles. Based on these parameters, oil companies do the work of fixing petrol rates and diesel rates daily. Dealers are people running petrol pumps. They sell petrol themselves at retail prices to the consumers end after adding taxes and their margins. This cost is also added to the petrol rate and diesel rate.
Also Read: Mega-Merger HDFC and HDFC Bank will merge, under this deal HDFC will have a 41% stake in HDFC Bank
Cruelty crossed the limits in Iran, a 20-year-old woman protesting against the hijab was shot in the face, and neck; Death
In Iran, women have taken to the streets to force the hijab. At the same time, another example of the brutality of Iranian security forces has come to the fore. Hadith Najafi, a 20-year-old girl, was
India Vs Pakistan : Pakistani players clashed with the Indian coach during the match, the referee showed a red card
The SAFF Championship 2023 match was played between India and Pakistan. India beat Pakistan 4-0. During the match, there was a lot of camaraderie between the two teams. Pakistani players had a scuffle
Russia Ukraine War: Ukrainian military warehouse destroyed in a Russian drone attack, Ukrainians fear the result of the referendum
On the night of Sunday-Monday, the Russian army again launched a vigorous attack in Ukraine. In the port city of Odessa, several drones hit targets during the night. The ammunition warehouse of the
UNGA: India lashed out at Pakistan in the United Nations, saying- Pakistan fearlessly gives shelter to terrorists
India has once again lambasted Pakistan on the global stage. In the United Nations General Assembly, India said that Pakistan gives shelter to terrorists and provides a haven. India said that Pakistan
Uttarakhand: Poisonous gas leak in Rudrapur, 18 people unconscious so far, SDM also complains of vomiting
Gas Leak In Rudrapur: In the Rudrapur transit camp of Udhamsinghnagar district in Uttarakhand, a gas cylinder kept in a scrap warehouse leaked. Due to this, about 18 people have fainted so far. On
UN on Bharat Row: '...then we will consider the application', UN gave an important statement on India vs. India dispute
These days there is a controversy going on in India regarding changing the name of the country. Political parties are divided into two parts in this dispute, for and against. The controversy further
Qatar: Relief to eight Indians sentenced to death in Qatar, will take next step after legal consultation
After an appellate court in Qatar commuted the death sentence awarded to eight former Indian Navy officers to life imprisonment, India on Friday said the next step in the case would be taken after
Sanjay Raut: Sanjay Raut refuses to appear before ED, says - I will participate in the proceedings of Parliament now
The Enforcement Directorate has once again summoned Shiv Sena MP Sanjay Raut for questioning in a money laundering case related to alleged irregularities in the redevelopment of a crawl in Mumbai and
Bajrang is happier with the performance than the victory: they Said - Gold is gold, whether it is of 2018 or 2022; the comeback was good
Haryana's wrestler Bajrang Punia, who got the country gold in the Commonwealth, is more than happy with his performance. For him, the time from the Tokyo Olympics till now has been very ups and downs.
Solar Storm: What happens to solar storms, what is their history, what are the dangers to the earth from them, know everything
For the second time in July, today the solar storm is going to strike the earth again. Earlier this month also a geomagnetic storm hit the Earth. This made a bright aurora (bright beam) in the
