Congress President Kharge Criticizes Government for Rising Fuel Prices Amid Lower Crude Oil Costs
Kharge slams Centre over fuel prices despite cheaper crude oil prices
Image: Asianet Newsable
Mallikarjun Kharge, the Congress President, criticized the Indian government for increasing fuel prices despite a drop in global crude oil rates. He highlighted the significant price discrepancies and their impact on inflation, questioning the government's motives behind the hikes.
- 01Kharge pointed out that crude oil prices have decreased to below USD 99 per barrel, yet petrol and diesel prices have risen significantly.
- 02As of now, petrol costs ₹102.12 per litre and diesel ₹95.20 per litre in Delhi, marking a substantial increase since 2014.
- 03The latest fuel price hike is the fourth in less than two weeks, contributing to rising inflation across various sectors.
- 04Kharge emphasized that rising fuel prices affect transportation and essential commodities, increasing the financial burden on the common man.
- 05He questioned the government's continued profit from fuel taxes despite the decline in crude oil prices.
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Congress President Mallikarjun Kharge has strongly criticized the Indian government for the recent increases in petrol and diesel prices, despite a notable decline in global crude oil prices. In a post on social media, Kharge highlighted that when Prime Minister Narendra Modi took office in 2014, crude oil was priced at USD 108.05 per barrel, with petrol at ₹71.51 and diesel at ₹56.71 per litre. Currently, crude oil costs less than USD 99 per barrel, yet petrol has surged to ₹102.12 and diesel to ₹95.20 per litre. Kharge pointed out that this represents a 42.8% increase in petrol prices and a 67.9% increase in diesel prices. He stressed that these hikes contribute to inflation across all sectors, impacting transportation and essential goods. As fuel prices continue to rise, Kharge called for accountability from the government, questioning why the public has not seen any relief despite lower crude oil costs. The latest price adjustments mark the fourth increase in less than two weeks, further exacerbating economic pressures on citizens.
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The rising fuel prices are expected to increase the cost of transportation and essential commodities, further straining the budgets of everyday consumers.
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