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10th Hike in Vehicle Fuel Price in 12 Days

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India the country with hundreds of crores vehicles is being attacked badly, never before, over the ‘uniinterrupted’ hike in fuel prices as the biggest Democratic nation witnessed 10th fuel hike in last 12-days.

Vehicle fuel is more costlier with yet another surge on Saturday as petrol and diesel prices were hiked by 80 paise a litre.

Though BJP and its allies defend the hike was due to the jump in crude oil prices in international markets, the prices were not hiked for four months over election to four states in the nation. Now the international market effecting of the nation.

This is the tenth hike the country is witnessing in 12 days after there was no change in the prices for four months since November. The government has been stressing that the rise in prices is linked to the Ukraine war, which has led to multiple sanctions against Russia

The opposition has been hitting out at the government over the increase in petrol and diesel prices, questioning the timing, as the surge comes after the end of assembly elections in five states – the BJP retained four of them.

The fresh rise takes the total increase in prices to ₹7.20 a litre. The per litre cost of petrol and diesel varies from state to state depending upon the local taxation.

In Delhi, petrol will now cost ₹102.61 per litre and diesel will sell for ₹93.87 per litre after fresh surge. In Mumbai, the country’s financial capital, the price of both petrol and diesel has gone up 85 paise. Petrol will be sold at ₹117.57 per litre while diesel at ₹101.79 per litre.

The prices will increase further because of the sharp jump in crude oil prices in international markets. On November 3, 2021, the centre had cut excise duty by ₹5 per litre on petrol and ₹10 per litre on diesel to bring down the retail prices across India.

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