పెట్రోల్ అసలు ధర 22 రూపాయిలు, మనం పెట్టితేది 80 రూపాయిలు||Rs 7 rise in petro prices in 12 Days||
#petroprice #PetrolPrices #FuelPriceHike
In just 12 straight days, India’s state-owned oil marketing companies have raised the retail prices of petrol and diesel by ₹6.55 and ₹7.04 a litre, respectively. A consumer in Delhi would have ended up spending about 9% more on petrol at an Indian Oil Corporation fuel pump on Thursday while those driving diesel vehicles would have found their fuel costs had risen by a little more than 10%. Over the same period, the price of Brent crude oil futures, which contributes a fourth to the value of the Indian crude basket, declined by about 3%. If one drills down to the price buildup data shared by IOC, petrol’s freight inclusive base price as on June 16 in Delhi was ₹22.44, a significant 23% higher than the ₹18.28 before the refiners embarked on their latest round of price increases. It is disconcerting that between the OMCs, which had frozen their daily resetting of prices for almost 12 weeks following a reduction on March 16, and the Central and State governments, automobile fuels have been targeted for milking revenue. The buildup data shows that Excise Duty, levied by the Centre, and VAT collected by the Delhi government together constituted two-thirds the ₹76.73 pump price of petrol as on June 16.
https://www.thehindu.com/opinion/editorial/fleecing-fuel-users-the-hindu-editorial-on-hike-in-petrol-diesel-prices/article31863716.ece
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పెట్రోల్ అసలు ధర 22 రూపాయిలు, మనం పెట్టితేది 80 రూపాయిలు||Rs 7 rise in petro prices in 12 Days|| #petroprice #PetrolPrices #FuelPriceHike In just 12 straight days, India’s state-owned oil marketing companies have raised the retail prices of petrol and diesel by ₹6.55 and ₹7.04 a litre, respectively. A consumer in Delhi would have ended up spending about 9% more on petrol at an Indian Oil Corporation fuel pump on Thursday while those driving diesel vehicles would have found their fuel costs had risen by a little more than 10%. Over the same period, the price of Brent crude oil futures, which contributes a fourth to the value of the Indian crude basket, declined by about 3%. If one drills down to the price buildup data shared by IOC, petrol’s freight inclusive base price as on June 16 in Delhi was ₹22.44, a significant 23% higher than the ₹18.28 before the refiners embarked on their latest round of price increases. It is disconcerting that between the OMCs, which had frozen their daily resetting of prices for almost 12 weeks following a reduction on March 16, and the Central and State governments, automobile fuels have been targeted for milking revenue. The buildup data shows that Excise Duty, levied by the Centre, and VAT collected by the Delhi government together constituted two-thirds the ₹76.73 pump price of petrol as on June 16. https://www.thehindu.com/opinion/editorial/fleecing-fuel-users-the-hindu-editorial-on-hike-in-petrol-diesel-prices/article31863716.ece