Price of petrol crosses Rs.90/- per litre.

The price of petrol in Mumbai crossed Rs.90/- per litre yesterday. It was sold at Rs.90.08. At Nanded in Maharashtra, petrol was sold at Rs.91.66. No doubt, soon the price of petrol is going to touch Rs.100/- per litre. The price of crude oil in the international market, is being sold at $80 per barrel. It is interesting to note that in 2012, the price of crude oil in international market was $120, whereas the price of petrol in India at that time was only Rs.65/- per litre. This shows the price of crude oil in the international market has got nothing to do with the steep increase in the price of petrol and diesel in India. The government has levied hefty taxes on petrol and diesel. Both the Central and State governments should immediately reduce their taxes to ensure that the common man does not suffer.