With national election ahead; petrol prices becoming concern for government
With national election just next year, petrol prices today hit the highest level since the Prime Minister Modi led BJP government came to power in 2014.
Even the diesel as commodity touched a record high of Rs. 63.20 a litre prompting the oil ministry to seek a cut in excise duty.
It need be mentioned that petrol price rose to Rs. 72.38 per litre in Delhi, highest since March 2014.
This has been achieved as per daily fuel price list of state-owned oil firms.
In commercial capital of Mumbai, prices have crossed Rs 80-mark – costliest in the country.
The spurt in rates, caused by the rally in international oil prices, has led to the oil ministry asking the finance ministry for a cut in excise duty in the Union Budget 2018-19.>