'Petrol, diesel prices may stay high in immediate future': 10 points
Even as people across India see
rising fuel prices burning a hole in their pockets, the price of petrol has
touched Rs 85 a litre in Mumbai and Rs 77.17 a litre in Delhi
Current Affairs News: Petrol and diesel will continue to burn
a hole in your pocket as Hindustan Petroleum Corporation Limited (HPCL)
Chairman and Managing Director Mukesh Kumar Surana has told news agencies that
fuel prices might remain high in the immediate future. Petrol prices in the
country's financial capital, Mumbai, touched Rs 84.99 a litre on Wednesday,
while the fuel's price inched higher to a new record of Rs 77.17 in Delhi. In
Delhi, Kolkata, Mumbai, and Chennai, diesel was sold at Rs 68.34, Rs 70.89, Rs
72.76, and Rs 72.14 per litre, respectively.
As of
Wednesday, one trigger after another had led to the 10th consecutive day of
increase in retail selling price of petrol and diesel. As frustrations mounted
across the country, Union Law & Justice, Electronics, and Information
Technology Minister Ravi Shankar Prasad on Wednesday said that the Narendra
Modi government was working on a long-term plan to tame fuel prices.
"Instead of an ad-hoc measure, the government wants to have a long-term
view that addresses not only volatility but also takes care of the unnecessary
ambiguity arising out of frequent ups and downs," Prasad said.
The government has come under attack
from the Opposition as fuel prices have gone up day after day. Former finance
minister P Chidambaram claimed that the rates could be reduced by Rs 25 per
litre but the government was not doing so. "It is possible to cut up to Rs
25 per litre, but the government will not. They will cheat the people by
cutting price by Re 1 or Rs 2 per litre of petrol," he said in a Tweet.
Petrol prices in Mumbai touched Rs 84.99 a litre on Wednesday, while diesel was sold at Rs 72.76 per litre.
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