Petrol and diesel prices have been witnessing a steep rise since the past few weeks.
Petrol
and diesel prices were kept unchanged on Wednesday after reaching
record levels in the last few days continuously.
As
the fuel prices are same as on Tuesday, a litre of petrol continues
to cost Rs 90.22 in Mumbai and Rs 82.86 in Delhi. Similarly, diesel
continues to be retailed at Rs 74.12 per litre in Delhi and Rs 78.69
per litre in Mumbai.
Keeping
the people's suffering in mind, the West Bengal government on
September 11 reduced the excise on petrol and diesel by Re 1 per
litre each last week. Later, the Karnataka government had also
declared that the petrol and diesel prices across the state would be
cheaper by Rs 2 per litre each, following the reduction in cess on
these fuels.
As
per India's pricing mechanism, the domestic fuel prices depend upon
the international fuel prices on a 15-day average and the value of
the Indian rupee.
Fuel
prices have been witnessing a steep rise since the past few
weeks. While the Opposition has repeatedly blamed the Union
government for not doing enough to keep a check on prices, the latter
has always maintained that global crude oil prices and other
international factors are causing a hike in prices of petroleum
products....Read
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