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Petrol Price To Reach Rs 150 Very Soon!
By: Tupaki Desk | 25 Oct 2021 11:37 AM GMT
The fuel prices in the country have reached an all-time high. The skyrocketing fuel prices are showing stars to the consumers in the daytime. Since the summer season of last year, the fuel prices are going up at regular intervals and for the first time, the gap between the prices of petrol and diesel was reduced.
The states are also raising their voice against the fuel price hike as the Union Government is increasing the price based on the Surcharge, a charge that is added to the already existing tax on the fuel prices. The Surcharge is a way of increasing the prices and the Centre need not give any share from the income to the states.
As a matter of fact, the fuel prices are on a spree of going up despite the crude oil prices internationally having fallen to an all-time low. Even the BJP supporters are unable to answer why the prices are being increased. Looking at the fact, the prices increased by around Rs 40 in a span of one and a half years.
With the petrol prices being increased at regular intervals, the fuel prices are breaking all the previous records of the prices. On average, the price of liter petrol is more than Rs 110 which is very high when we compare the prices during the ruling of Congress to that of BJP.
If the prices go on increasing at a similar pace, we might see the petrol prices breaking the Rs 150 mark quite comfortably. However, this might not happen very soon. But steadily, we can expect the fuel prices to go all-time high.
The states are also raising their voice against the fuel price hike as the Union Government is increasing the price based on the Surcharge, a charge that is added to the already existing tax on the fuel prices. The Surcharge is a way of increasing the prices and the Centre need not give any share from the income to the states.
As a matter of fact, the fuel prices are on a spree of going up despite the crude oil prices internationally having fallen to an all-time low. Even the BJP supporters are unable to answer why the prices are being increased. Looking at the fact, the prices increased by around Rs 40 in a span of one and a half years.
With the petrol prices being increased at regular intervals, the fuel prices are breaking all the previous records of the prices. On average, the price of liter petrol is more than Rs 110 which is very high when we compare the prices during the ruling of Congress to that of BJP.
If the prices go on increasing at a similar pace, we might see the petrol prices breaking the Rs 150 mark quite comfortably. However, this might not happen very soon. But steadily, we can expect the fuel prices to go all-time high.
