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Latest updates on petrol and diesel hiked by RS.4 IN 8 DAYS

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Latest updates on petrol and diesel hiked by RS.4 IN 8 DAYS

PTI, New Delhi, JUN 14 2020, 08:47 ISTUPDATED: JUN 14 2020, 10:23 IST Representative image. Credit: PTI Photo Petrol price on Sunday was hiked by a record 62 paise per litre and that of diesel by 64 paise as oil companies for the eighth day in a row…

Petrol price in Delhi was hiked to Rs 75.78 per litre from Rs 75.16 while diesel rates were increased to Rs 74.03 per litre from Rs 73.39, according to a price notification of state oil marketing companies.

Rates have been increased across the country and vary from state to state depending on the incidence of local sales tax or VAT.day-by-62-paise-and-64-paise-respectively-849338.Addressing a virtual press conference, senior Congress leader Kapil Sibal said that while international crude oil prices have fallen and are at the lowest level in 15 years, petrol and diesel prices are skyrocketing and people continue to suffer under the Modi dispensation. “Central excise duty on petrol has been increased by 258 per cent and on diesel by 819 per cent since the Modi government came to power in May 2014,” he said.

He claimed the government, instead of passing the benefit of lower crude prices to consumers, hiked the prices of petrol and diesel for the seventh straight day on June 13.

“The Modi government had between November 2014 and January 2016 raised excise duty on petrol and diesel on nine occasions to take away gains arising from plummeting global oil prices. In all, duty on petrol was hiked by Rs 11.77 per litre and that on diesel by Rs 13.47 a litre in those 15 months that helped it mop up Rs 2,42,000 crore in 2016-17 from Rs 99,000 crore in 2014-15,” Sibal said.

Addressing a virtual press conference, senior Congress leader Kapil Sibal said that while international crude oil prices have fallen and are at the lowest level in 15 years, petrol and diesel prices are skyrocketing and people continue to suffer under the Modi dispensation. “Central excise duty on petrol has been increased by 258 per cent and on diesel by 819 per cent since the Modi government came to power in May 2014,” he said.