Ruckus on oil prices: Finance minister blames UPA government, blames oil bonds

Posted on 30th Mar 2022 by rohit kumar

During the Russo-Ukraine war, where Brent crude prices are in the sky, on the other hand, oil prices in the country are also on fire. The situation is that in the last nine days, the prices of petrol and diesel have been increased eight times. Once on Wednesday, their price was increased by 80 paise. While the general public is worried about these rising oil prices, there is a ruckus in Parliament on this issue as well. Congress leader Rahul Gandhi, while targeting PM Modi, said that this is a daily thing, so on Tuesday, the Finance Minister has blamed the Congress's UPA government for this.

 

 

most expensive petrol in Mumbai

 

First, let's talk about the latest oil prices. So let us tell that after the increase of eight times, one liter of petrol in the capital Delhi became Rs 101.01 per liter, while diesel became Rs 92.27 per liter. At the same time, the price of petrol in Mumbai has reached Rs 115.88 and the price of diesel has reached Rs 100.10 per liter. Apart from this, Madhya Pradesh, Rajasthan, Maharashtra, Andhra Pradesh, Telangana, Karnataka, Odisha, Jammu, and Kashmir, and Ladakh are the states where the price of petrol remains at Rs 100. Rahul Gandhi has released the list of daily tasks of PM Modi by tweeting about rising prices every day. Along with this, the hashtag everyday morning has also been written about inflation.

 

 

Sitharaman defended like this

 

Defending the government, the Union Finance Minister said in Parliament on Tuesday that the former Congress government was behind the failure to control the prices of petrol and diesel. He once again mentioned oil bonds. Sitharaman said during the discussion in the Rajya Sabha that among other things, oil bonds were also responsible for the skyrocketing oil prices in the country. He said that the previous Congress-led UPA government had issued oil bonds worth Rs 2 lakh crore, due to which it is not possible to reduce oil prices.

 

This series will continue till 2026.

 

While discussing the Finance Bill and the Appropriation Bill in the Rajya Sabha on Tuesday, Finance Minister Nirmala Sitharaman had said that the fierce war between Russia and Ukraine which has been going on for more than a month is affecting all the countries of the world including India. Petrol and diesel prices in the country have been affected due to the increase in crude oil prices. Along with this, he hit back at Congress and said that the people who are paying the expensive price of these fuels today are due to the subsidy given a decade ago. At that time two lakh crore rupees were taken in the name of oil bonds and its payment is going on which will last till the year 2026.

 

Crude oil prices continue to rise today

 

Significantly, there has been a strong jump in the price of crude oil in the international market on Wednesday. At the time of writing the news, the price of Brent crude had increased to $ 112.78 per barrel. Nymex crude, after gaining $ 1.02 or 0.98 percent, has come to $105.26 per barrel. The effect of the rise in crude oil prices is also being seen in India and the fuel prices are increasing continuously here. If we look at the report released earlier, it is not possible to control oil prices in the country right now. It was said in the report that the price of petrol and diesel may increase by Rs 15 to 22 respectively.

 

Also Read: Petrol Diesel Price Today the price of petrol increased by 85 paise and that of diesel by 75 paise, know how much are the prices