The fuel prices have been on the rise for more than a year. Petrol, at present, is retailing above the ₹100 per litre mark in six states and union territories — Rajasthan, Madhya Pradesh, Maharashtra, Andhra Pradesh, Telangana, and Ladakh. Congress held a nationwide protest against the price hike on June 11.
“The pride and arrogance that the central government has will be broken. I have full faith that the campaign launched by the All India Congress Committee today will have a positive impact. The government will have to withdraw. They are not listening. The government is not missing out on politics and elections. The people of the country want financial help in the time of crisis and the price should be low. Prices of fruits, vegetables, and pulses increase with the price of petrol and diesel,” said Sachin Pilot, Congress Party leader.
The price of auto fuel in India depends on international crude oil prices and the rupee-dollar exchange rate. Moreover, the central government and states levy various taxes — excise duty and Value Added Tax (VAT) on petrol and diesel. Dealer’s commission and freight charges are also added to the fuel price. It must be noted that petrol and diesel do not come under the purview of goods and services tax (GST)
Union Minister for Petroleum & Natural Gas, Dharmendra Pradhan said, “The prices of petroleum products have gone up. The main reason is that the price of crude oil has gone over $70 (per barrel) in the international market. This negatively impacts consumers here, as India imports 80 percent of its oil requirement.”
These sky-high prices of petrol and diesel are bound to adversely affect the common man. In the past few years, there has been an increase of Rs. 30-36 per litre in petrol and diesel.