Karnataka Deputy CM Criticizes BJP Over Fuel Price Increases
Fuel price hike a 'gift' from BJP government, says DK Shivakumar
Image: Asianet Newsable
Karnataka Deputy Chief Minister DK Shivakumar criticized the BJP-led Central government for recent fuel price hikes, calling them a 'gift' to the public. The latest increases, including petrol and diesel prices, come amid global energy market volatility and are expected to raise transportation costs, impacting inflation and household expenses.
- 01Petrol prices in Delhi increased by 87 paise, reaching ₹99.51 per litre, while diesel rose by 91 paise to ₹92.49 per litre.
- 02The latest fuel price hikes mark the third increase in less than 10 days.
- 03CNG prices also rose by ₹1 per kg, further burdening users of CNG-powered vehicles.
- 04The fuel price adjustments are influenced by international crude oil rates and local taxes.
- 05Despite global fuel price surges, India has seen relatively modest increases of about 5% over the past period.
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Karnataka Deputy Chief Minister DK Shivakumar criticized the BJP-led Central government for the recent hikes in fuel prices, labeling them a 'gift' to the public. On Saturday, petrol and diesel prices were raised for the third time in less than ten days, with petrol in Delhi now costing ₹99.51 per litre and diesel ₹92.49 per litre. Additionally, Compressed Natural Gas (CNG) prices increased by ₹1 per kg, further straining the budgets of CNG vehicle users. The price hikes are attributed to ongoing volatility in global energy markets, driven by geopolitical tensions in West Asia and supply concerns. These increases are expected to elevate transportation costs, which could contribute to inflation and higher prices for goods transported by road. Despite the global surge in fuel prices, India's increases have been relatively modest, totaling around 5% over the past period, following a nearly 76-day period of stable prices.
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The fuel price increases will raise transportation and logistics costs, likely leading to higher prices for goods and increased commuting expenses for households.
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