For the second time in June, rates for fuels hiked in India in June 2021.
Prices of diesel and petrol increased in major metropolitan cities like Mumbai, Hyderabad, Delhi and states Rajasthan, Andhra Pradesh and Madhya Pradesh. The prices of petrol became costlier and were increased by Rs. 4.91 per litre on Monday, the 7th of June and diesel by Rs. 5.49 across the country. Amongst all metro cities, Mumbai has the highest fuel rates, where petrol is currently sold at Rs. 101.52 per litre and diesel at Rs. 93.58 per litre.
In Chennai, Kolkata and Bengaluru, petrol prices are at Rs. 96.71, Rs. 160 and Rs. 102.91 per litre, respectively. While diesel was priced at Rs. 90.92, Rs. 89.07 and Rs. 91.41 per litre in the respective metropolitan cities. In Delhi, petrol is sold at Rs. 95.31 per litre and diesel at Rs. 86.22 per litre. In cities like Ratnagiri, Parbhani, Aurangabad, Jaisalmer, Ganganagar, Banswara, Indore, Bhopal, Gwalior, Guntur and Kakinada, petrol prices crossed Rs. 100.
It is to be noted, prices differ in states according to the highest value added tax (VAT) in the country. The major reason behind the rise in the fuel prices is to balance retail prices in line with global developments due to the rise in crude oil prices.
State owned fuel retailers, the Indian Oil Corporation Ltd., (IOC,) the Bharat Petroleum Corporation Ltd (BPCL) and the Hindustan Petroleum Corporation Ltd., (HPCL) resume daily price revision. Everyday fuel prices are updated at 6:00 A.M. Fuel prices differ from state to state depending on the incidence of local taxes such as VAT and freight charges.
Meanwhile, concerned about the rising prices of fuels in India, Rahul Gandhi, the Indian National Congress (INC) lashed out at the Government of India (GoI.)
On the 7th of June, Rahul Gandhi took to Twitter and saud, कई राज्यों में अनलॉक की प्रक्रिया शुरू हो रही है।
पेट्रोल पम्प पर बिल देते समय आपको मोदी सरकार द्वारा किया गया महंगाई में विकास दिखेगा।
टैक्स वसूली महामारी की लहरें लगातार आती जा रही हैं।”
(The process of unlocking has started in many states. While paying the bill at the petrol pump, you will see the rise in inflation by the Modi Government. The waves of tax collection epidemic are continuously coming.)
The INC Chief Spokesperson Randeep Surjewala also termed the rise in petrol prices as an ”Excessive public loot” and blamed the Modi Government for it.
Mr. Randeep Surjewala said, ”Excessive public loot – in the last 13 months, petrol and diesel have risen by Rs. 25.72 and Rs. 23.93 per litre. In some states, petrol has crossed Rs. 100 per litre. The increase in taxes by the Modi Government and not high crude oil price is responsible for this rise in petrol and diesel prices.”
Amid the lockdown, the fuel prices are increasing rapidly creating panic amongst the public. This is the 20th time fuel prices have increased in 2021.
Stay tuned for further updates.