Petrol diesel prices sky-rocketing in India, resulting in all round price rise of essential commodities.

The prices of petrol and diesel are sky-rocketing in India. While the price of petrol is being sold at Rs.107/- per litre in New Delhi today, the price of diesel is being sold at Rs.95/-. This unprecedented rise in the price of diesel is pushing up the prices of all the essential commodities being carried by lorries and trains. The working masses are severely affected by this price increase. Government says that, the increase of price of crude oil in the international market, is the reason for this. The price of crude oil currently is $80 in the international market. It must be recollected that, the price of crude oil had crossed $100 in the international market at the time when UPA was ruling. However, even at that time, the price of petrol and diesel was not so high in India, as it is today. Even now, the price of petrol in the neighbouring countries is very less, compared to India. It is because of the high taxes imposed in India. As on 22.10.2021, petrol was sold at Rs.106/- at Delhi. On the same day, the price of petrol in India’s neighbouring countries was as follows: -