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No respite for common man as fuel prices surge yet again

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The retail prices of petrol and diesel rose again on Tuesday providing no reprieve to the common. In Delhi, petrol rose to Rs 82.83 per litre after an increase of 11 paise, while diesel rates escalated to Rs 75.69 per litre after a hike of 23 paise.

The diesel prices have risen steadily since Oct 4, wiping out the relief provided by the government’s Rs 2.50 tax cut.

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Petrol prices in Mumbai are inching closer to the Rs 90 per litre mark, as petrol retailed 11 paise higher at Rs. 88.29 per litre. The price of diesel, on the other hand, has been revised by 24 paise to retail at Rs 79.35.

Fuel prices have been soaring since the past few months in the country, causing many problems for commuters.

While the Opposition has repeatedly blamed the Centre for the steep hike in the fuel price, the latter has maintained that global crude oil prices and other international factors are responsible for the increase in prices of petroleum products.

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In a bid to ease the crunch caused by soaring fuel prices, Finance Minister Arun Jaitley had announced a reduction of Rs 2.50 per litre on both petrol and diesel prices after curbing excise duty on the commodity by Rs 1.50 per litre. He had also directed all state governments to slash rates.

While the revision in prices was implemented in Gujarat, Chhattisgarh, Bihar, Uttar Pradesh, Tripura, Jammu and Kashmir, Himachal Pradesh, Meghalaya, Assam, Jharkhand and Goa, a number of states are yet to implement the decision.

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