For the first time in history, the prices of petrol have crossed Rs 100 per litre mark in many states and union territories across the country. In Goa, the price of petrol crossed the mark last week and people started distributing cake to mark the occasion in a sarcastic way.
As the price crossed Rs 100/litre mark in Goa, a group of people started distributing cake to the commuters who came to the fuel pump to refill. The group sang congratulatory songs about petrol crossing the three-digit price mark too. Most of the people were wearing masks of Prime Minister of India Narendra Modi while celebrating.
The protest was led by AAP politician Cecille Rodrigues, who said that they want to thank the government for ‘Acche Din‘. The group distributed the cake to many who came to the fuel pump located in Panaji and then they distributed sweets and chocolates too.
Petrol and diesel prices were not increased today – which is a Monday. This is the ninth day in a row when the fuel prices were not increased across the country. The last price hike came on June 17th. After that, the state-run oil companies decide the price of petrol and diesel daily.
Diesel price closing on 100 per litre
In the last price hike, the petrol saw a hike of Rs 26 to 34 paise and the diesel saw a hike of 15 to 37 paise across the metro cities. Even the price of diesel is inching towards the Rs 100 per litre mark and in most states and union territories, the price is above Rs 90 per litre.
The price differs depending upon the factors like VAT and freight charges. Apart from these, the central government also charges an excise duty on auto fuel. The state and the central taxes make up for 60 per cent of the retail selling price of petrol and over 54 per cent of diesel. The central government levies Rs 32.90 and Rs 31.80 on every litre of petrol and diesel respectively.
Generally, the prices are increased or decreased on a daily basis after analysing the crude oil prices in the international market.
Earlier this year during January-February, fuel prices had reached a record high and after February 27, Oil Marketing Companies took a pause and reduced prices on March 24-25 and March 30. After this the prices remained constant for almost 15 days and on April 15, the prices were slightly reduced once again.
After this, the price remained steady for 18 days again. The assembly elections in Puducherry, Assam, Kerala, West Bengal and Tamil Nadu were also a reason why the prices remained unchanged and only started going up only after the elections had finished.