In India, there has been some decline after 16 days in the prices of rising petroleum products. On Wednesday, the price of petrol was cut by 60 paise per liter and diesel by 56 paise per liter. Petrol in Delhi is 77 rupees 83 paise per liter and diesel 68 rupees 75 paise per liter. Oil prices in the international market are also somewhat soft The government is awaiting the price of oil and fall in the coming days.
On Tuesday, Union Home Minister Rajnath Singh said in Lucknow that the price of petrol and diesel is huge due to the increase in international crude prices, but the central government is engaged in reducing the prices of petroleum products. Prior to this, petrol-diesel was going to be expensive for the past 15 days but the government is not ready to reduce the tax on petrol and diesel.
The recommendation to finish subsidy on petrol diesel was done by the famous economist Kirit Parikh from 8 years ago. It was the effect of this suggestion that the subsidy was gradually overtaken. Now in the year 2018, Kirit Parikh has brought a new formula on the oil crisis. Parekh said, "The Indian government reduced excise duty on oil, one rupee reduced, the Delhi government can reduce the VAT by 4 percent, then the petrol can be cheaper up to four rupees.
The prices of petrol in various states of Delhi- 77.83, Kolkata-80.47, Mumbai-85.65, Chennai -80.80 and Rs. 68.75, Kolkata-71.30, Mumbai-73.20, Chennai- 72.58 per liter. went.
From R.S.