The unwarranted unreasonable fuel price hike has left the nation dazed. People have started asking where this country is heading towards.
Petrol price has crossed Rs 85 and the comparatively lower-priced diesel has also reached close to Rs 80. This is the first such hike in price in a span of two years.
What is most interesting is the explanation that the price had to be hiked according to the hike of crude oil price in the international market.
Experts in this field themselves certify that this is just a fake story.
The price of the crude even today is below Rs 50 per barrel.
This much hike was not implemented even when the price of the crude oil was Rs 140 per barrel in international market.
The Centre should have thought of a credible reason for the price hike.
In addition to the fluctuation in crude prices, the people have come to realize that the taxes levied by the Central and State Governments are driving up petrol prices to a deplorable level.
Three-fourth of the Rs 85 charged for a liter of petrol goes to the exchequer of the Central and State Governments in the form of various taxes. In addition to the exorbitant taxes, cess is also levied on consumers.
Not only diesel and petrol but also cooking gas prices are going up frequently. A week ago the increase was fifty rupees.
It is an accepted fact that there is no correlation between the price of crude oil in the international market and the price of petroleum products in India.
It is an open secret that even after giving the pricing power to the oil companies, it is the Central Government that is pulling the strings behind it.
The Centre’s fuel policy is the one that doesn’t seem to liberate the fuel sector from this malicious network.
Electrifying the transport sector completely may bring down the price of fuel. But it need not bring relief to the commuters since the concession given to the electric vehicles may be withdrawn at that time.
They have gone for this hike without any second thoughts at a time when people are reeling under Covid-induced restrictions.
The diesel price hike may increase the price of essential commodities. Lakhs are working in transport sector and diesel price hike may further undermine the sector which is already affected by Covid.
The Centre should come forward to do away with price hike happening now and then.
The government should walk the talk.
When the Centre is trying to loot people through fuel price hike, the State is making preparation to hike electricity tariff.
The board is trying to pass the financial liability of bringing power from outside the State on to the people; the electricity board has to pay a high amount to the Power Grid Corporation for this.
It is presumed that the price will be hiked by at least 50 ps per unit. For the KSEB, there is no qualms when they do this.
To sum up, the commoners are put to test by Centre and State. When the former is doing it through fuel, the latter is doing it through electricity.