Rising and rising petrol prices

For the last 16 days, the petrol and diesel prices have been rising and rising . Is this increase justified is the question on the minds of the millions who are reeling to sustain this unpreceded surge.

Opposition cricises BJP’s handling of situation

West Bengal Chief Minister Mamata Banerjee criticised the Narendra Modi government for the price surge. “Fuel prices are increasing again and again,” Banerjee tweeted. “All are being badly affected: agriculture, transport and common people are being forced to bear burden. In spite of the grim situation, why isn’t the central government taking any serious steps to find a solution?”

BJP unable to manage crisis?

On May 24, Union Minister of Petroleum and Natural Gas Dharmendra Pradhan told that the Centre is considering bringing petroleum products under the purview of the Goods and Services Tax. But no solution seems to be on sight for the defusing the crisis .

Retail prices were frozen between April 24 and May 13, when campaigning was on for the Karnataka Assembly elections. International crude oil prices had risen in the period, while the rupee fell against the United States dollar.

Petrol Price in Hyderabad today (29th May 2018) stands at an all time high of Rs. 83.08 per litre.