The prices of petrol and diesel are increasing continuously in the country, due to which it is made on the pocket of the common man. Will get Let us inform that so far in the month of October, the prices of petrol and diesel have been increased 16 times. Petrol has become costlier by Rs 4.90 and diesel by Rs 5.40 per liter in October.
Some people have even stopped using the vehicle due to this rising prices. The opposition is constantly criticizing the government. But despite this oil companies are increasing the prices of petrol and diesel every day. The question is why the government is not taking any step.
Let us tell you that in June 2010, the Congress-led UPA government had decided to de-regulate the price of petrol, i.e. hand it over to the market. Since then, the government oil companies used to fix the price of petrol. But the government’s control over diesel prices continued. Diesel was being sold at a price below the market price, which was hurting the oil companies, but when the Modi government came in 2014, it was decided to deregulate the prices of diesel as well. Now the Modi government at the Center had announced that like petrol, diesel prices have also become market-based, if the price of crude oil increases in the international market, then the consumer will have to pay more and if the price falls, the consumer will also get the benefit of cheap oil. will get.
But the question is that when the price of oil increased in the international market, the consumer paid more, but did the consumer get the benefit when the price of crude oil decreased in the international market? Maybe the answer is no. Because till date the public is buying only expensive petrol and diesel.
When crude oil prices fell in the international market, between November 2014 and January 2016, the Modi government increased the excise duty on petrol and diesel nine times. Excise duty was increased by Rs 11.77 on petrol and Rs 13.47 per liter on diesel. At the same time, due to the decrease in demand during the Covid period, the prices of crude oil fell, so from March 2020 till now, the central government has increased the tax on petrol by Rs 13 and diesel by Rs 16 in the name of excise duty and infrastructure cess.
At present, the way the government is taking stance on the prices of petrol and diesel, it does not seem that there will be any more or less in the prices of petrol and diesel.
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