The ministry today decided to increase the prices of petrol, diesel and LPG(Liquefied Petroleum Gas). This price rise has been much anticipated as the oil companies were facing a crunch deficit which went over 2 lakh crores. The government had taken a back seat till the Karnataka state elections were over which they ultimately lost to the BJP by a margin of about 20 seats. Now that there's a few months for the next elections for the four states, the government feels that the time is just right to hike the prices.
Petrol price up by Rs. 5.00
Diesel up by Rs. 3.00
and LPG by Rs. 50/- per cylinder.
However the kerosene prices remain untouched!
Btw you can't find kerosene stoves used in kitchens except in deep rural regions having no access to electricity!
The oil companies were reported selling only branded fuel due to the deficit they incurred. Rationing of fuel seems to have a long run into the future.
Soon after the hike the left parties announced a week-long country wide agitation against the price hike starting tomorrow!
Happy driving the congested lanes of India.
Petrol price up by Rs. 5.00
Diesel up by Rs. 3.00
and LPG by Rs. 50/- per cylinder.
However the kerosene prices remain untouched!
Btw you can't find kerosene stoves used in kitchens except in deep rural regions having no access to electricity!
The oil companies were reported selling only branded fuel due to the deficit they incurred. Rationing of fuel seems to have a long run into the future.
Soon after the hike the left parties announced a week-long country wide agitation against the price hike starting tomorrow!
Happy driving the congested lanes of India.
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