He also wrote on Facebook that fuel prices were soaring, breaking all previous records. Fuel prices have remained unchanged for four months following elections in five states
Delhi, First Published Mar 22, 2022, 2:23 PM IST
New Delhi: Shashi Tharoor MP has criticized the hike in petrol and diesel prices in the country. Tharoor’s response was that the central government was waiting for the elections in five states to end. He also wrote on Facebook that fuel prices were soaring, breaking all previous records. Fuel prices have remained unchanged for four months following elections in five states.
Petrol price was hiked by 87 paise per liter. Diesel price was hiked by 85 paise per liter. Despite reports that fuel prices will rise sharply after the election results, the current rise comes more than a week after the results came out. There has also been a sharp rise in crude oil prices. There is an increase of seven per cent. Crude is currently trading at $ 117 a barrel in international markets. Indian Oil Corporation (IOC) has informed dealers that the new change in fuel prices, which has been unchanged for 137 days, will come into effect from 6 am on March 22.
Fuel price hike: Four months after the fuel price hike in the country
Despite crude oil prices hitting a record high of $ 130 a barrel at one point, fuel prices in India have yet to rise. The Russia-Ukraine conflict has also affected global oil markets. The last increase in fuel prices in the country was on November 2, 2021. Opposition groups called for a boycott of the assembly. Eleven parties, including the Congress, the TMC and the CPM, boycotted the assembly in protest of the price hike.
Fuel price: Opposition boycotts House in protest of fuel and LPG price hike
Opposition groups called for a boycott of the assembly, but the speaker refused. Congress Rajya Sabha leader Mallikarjun Kharke has criticized the Modi government for robbing the poor of Rs 10,000 crore by raising fuel prices. Rahul Gandhi joked that the government had ended the lockdown on fuel and LPG prices. After petrol and diesel, the LPG cylinder price hike has also been hiked. The one-time increase was Rs 50 per cylinder for domestic use.
Last Updated Mar 22, 2022, 2:24 PM IST
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