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Petrol and diesel prices can get relief! Many options are being discussed

January 7, 2021
in Business
2 min read
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04 4 Petrol and diesel prices can get relief!  Many options are being discussed Petrol and diesel prices can get relief!  Many options are being discussed
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The government stepped up efforts to give relief in the price of petrol and diesel.

After stabilizing the price of petrol and diesel in 29 days, petrol went up by 23 paise to Rs 84.20 per liter in Delhi (Delhi) on Thursday, while diesel rose 26 paise to Rs 74.38 per liter. Gone.

new Delhi. The Petroleum Ministry has stepped up efforts to provide relief to the people troubled by the rising prices of petrol and diesel. According to the news of our partner channel CNBC-Awaaz, the Petroleum Ministry has demanded a cut in excise duty to reduce the prices of petrol and diesel. Let us tell you that after the stability of the price of petrol and diesel in the last 29 days, on Thursday, petrol in the national capital Delhi increased by 23 paise to Rs 84.20, while diesel rose 26 paise to Rs 74.38 per liter. The increase in the prices of petrol and diesel also has an effect on everyday things. Which directly increases inflation.

There can be a shortage of so much money- The Petroleum Ministry has recommended relief from high petrol and diesel prices. For this, a reduction in excise duty has been demanded. It has been said that if the excise duty is increased during the Kovid, if half of it is reduced, then the price can be reduced by Rs 5 per liter. But to get full advantage of this, the states will also have to cooperate and cut VAT for which the states have to agree.

Also read: Stock market continues to fall! Sensex just down 81 points, Nifty closed above 14100

These options are being discussed- States may have an appeal to reduce VAT. Oil Cos can be said to carry some burden. Let us know that there is an environment of rise in the price of crude oil in the international market. Brent prices are at the highest level since February. Petrol and diesel prices have increased again in the domestic market. Government oil companies have increased the price of petrol and diesel today after keeping them stable for 29 days. The price of petrol has increased by 21 to 23 paise and the price of diesel by 26 to 29 paise.



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