Why Central Govt. is Increasing Petrol Prices When Crude Oil is Cheaper Globally?

Why Central Govt. is Increasing Petrol Prices When Crude Oil is Cheaper Globally?

There are so many hikes in petrol prices in India from the past 6 years. The Modi Government is not sparing aam janta by continuously increasing petrol rates. Today is the 12th day of continuous rise in fuel prices and it is literally cutting our pockets. The cost of petrol has reached to Rs. 90.58 in Delhi and Diesel soars to Rs. 80.97. This is seriously a big issue in India and people want to end this price hike.

The problem is not that the fuel rates are increasing continuously, but the question is why it is happening in India when the global pricing of crude oil is low?

This is not a small issue but an issue that has to be discussed at national level. The common man makes a budget for a month and spends its money accordingly, and if such fuel pricing will increase regularly then it will surely affect its expenditure.

 Seeking the data of rise in fuel prices in India, we have come across that this rise in fuel prices is not going to come down anytime soon, and it’s a serious problem for the central govt. have to focus on. The sad part is the government is busy blaming each other.

Another issue is Covid has terribly affected the entire transportation system. People prefer private transportation while public transportation is not working properly in all places. Now, who are you going to blame for this fuel price hike? 

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