Fuel prices fall ahead of Lok Sabha elections in India – 2024-03-16 09:21:56

Fuel prices fell ahead of Lok Sabha elections in India. The central government has decided to reduce the excise duty on petrol and diesel by Rs. The new prices will be effective from Friday (March 15). The new price of petrol in Kolkata will be Rs 104.03 per liter and diesel Rs 90.76.

Petrol products will be available at the pump at this revised price from six in the morning on Friday. The opposition has been demanding price reduction for a long time, finally the Modi government has followed that path.

Union Petroleum Minister Hardeep Singh Puri posted about this on social media. He wrote, Prime Minister Narendra Modi reduced the price of petrol and diesel by Rs 2 per litre. He said that Modiji has once again proved that the welfare of crores of families in India is his all-time goal.

Modi government has recently reduced the price of cooking gas by Rs. But oil prices have remained high and stable for nearly two years. Petrol price is above Rs 100 per litre. Diesel is over Rs.90.

Petrol price in Delhi is now Rs 94.72. On the other hand, the price of one liter of diesel in the capital is 87.62 rupees. On the other hand, the BJP government in Rajasthan has reduced the VAT on petrol and diesel to 2 percent. This will give a sigh of relief to the common people struggling with inflation. It is not certain whether any action will be taken before the upcoming polls.

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Amidst these questions, the Oil Minister, standing in Kolkata on Wednesday, shifted the blame to the world market and oil companies. This government reduced the price of oil and gas to get advantage in the elections. He dismissed such accusations of the opposition. According to him, the price reduction is not done with the word of vote. Puri said that only the poor will get subsidy on cooking gas. After that, the central government reduced the price of petrol and diesel.

TTN