All the metro cities in India are facing the pain of a high rise in petrol and diesel prices. The government has not taken any step to control the rising fuel prices in the country. The oil marketing companies have been increasing the fuel costs 7 days in a row, which makes the petrol price almost touch the century mark. Daily commuters are unable to continue riding their vehicles in the time of stiff economic crisis post the pandemic.
The Capital Sees a Steep Spike While Other States’ Price Crosses the Rs 90 Mark
Taking into consideration the fuel price hike on Monday also, major metro cities of the country see a steep rise in the price of petrol and diesel. Mumbai and Delhi are the states that saw the most surges in the last few days. While petrol price in Delhi has touched almost Rs 89/litre, the petrol price in Mumbai stands at Rs.95.21/litre. Reports are also that Sriganganagar in Rajasthan and Parbhani district in Maharashtra saw a petrol price hike that crossed the 100th mark.
The Last Week Saw a Massive Surge in the Fuel Price
Petrol and diesel prices have been hiking continuously for the past week. The increment might be low but the price at which the fuel prices stand is majorly high. The increment of fuel price will affect the bus transport system effectively. The daily commuters also face significant issues in tackling the rising fuel charges post the covid-19 lockdown period that affected everyone economically.
Union Minister Dharmendra Pradhan Has Other Views
While the rise in fuel prices has bought the government’s role into a questionable state, the union minister of petroleum and natural gas Dharmendra Pradhan has other views. Replying to Congress MP KC Venugopal regarding his claim of fuel prices touching lifetime high, Pradhan said, “This is an issue we have to tackle with utmost care. States are responsible. The Union government is also responsible for this tax issue. Centre has increased excise duty and states have increased VAT according to their own developmental need. And sometimes, the government has reduced excise duty as well. In the last 300 days, the prices have not changed at all for 250 days. So it is a misnomer to campaign in that way that the prices are an all-time high”.
The Policy Times policy suggestions
- The international oil market, mainly in the Gulf, is not so fluctuating. In fact, the oil production rates are high there and takers are less. So, the government must find ways to build a relationship with the oil supplying countries and get the import cost sorted to bring down the cost of fuel in the country.
- The subsidy in the fuel must also be increased by the government so that the common people get the fuel at a low cost.
- More CNG and electricity operated vehicles must be brought into the road so that fuel consumption reduces in a way that the common people do not have to suffer economically to afford their daily commute cost.