Skyrocketing Petroleum prices add pain amid pandemic

Govt is adding to woes of the common man with continuous hike in the petroleum prices, congress has slammed the government for raising the prices even when the prices in international market is low

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NH Web Desk

Government is adding to the woes of the common man with continuous hike in the petroleum prices, congress has slammed the government for raising the prices even when the prices in international market is low

India is battling hard with COVID-19 and government is making thinks tougher for the common man.The continuous price hike in petroleum is the latest jolt for people

1.Government making life tougher amid COCID-19 outbreak

The BJP-led government is burdening the common man with high taxes on petrol and diesel while international crude oil prices have fallen and are at the lowest level in 15 years

2.Inspite of calling crude oil prices in international market, government is hiking prices

Congress has blasted the government for the 8th rise in a row, Congress leader Kapil Sibbal has questions the central government for skyrocketing fuel prices

3.Congress has blasted the government for skyrocketing fuel prices

Bite: Kapil Sibbal- Congress leader

According to the congress leader, people continue to suffer under the Modi dispensation.He said instead of passing the benefit of lower crude prices to consumers, petrol and diesel prices were hiked for the eighth straight day on June 14.


4.Prices were hiked for 8th straight day in a row

Bite: Kapil Sibbal, Congress leader

"The government has earned as much as Rs 44,000 crore in the last six days due to hike in petrol, diesel prices. Since March 5, the government has earned as much as Rs 2.5 lakh crore by way of increasing petrol, diesel prices,” he said.

5. Government has earned Rs 2.5 lakh crore in 3 months: Sibbal

"If the government had even the slightest feelings for the common man, instead of benefitting the companies and the government, the prime minister would have helped the common man with reduced fuel prices," Sibal said at an online press conference.

6.Government has no feeling for the common man

According to a report by Care Ratings, he said the hike effectively meant that the Central government is collecting around 270 per cent taxes on the base price of petrol and 256 per cent in case of diesel.

7.The government is collection 270% taxes on the base price of petrol

The former union minister said petrol was selling at Rs 71.41 in Delhi on May 1, 2014, when international crude oil prices were $106.85, while on June 12, 2020, the price of petrol was Rs 75.16 when the crude oil was at $38.

8 .UPA had given maximum relief to people inspite of high international prices

Bite: Kapil Sibbal, Congress leader

central excise and VAT cumulatively account for 69 per cent of tax on fuel in India which is higher than anywhere else in the world.

9 . Central excise and VAT on fuel in India is highest in the world

The tax of fuel in the US is 19 per cent, Japan 47 per cent, the UK 62 per cent, France 63 per cent and Germany 65 per cent.

10. Major economics have balanced tax system for fuel

The people are in distress due to the corona pandemic , million have lost their jobs and paying capacity of people has gone down due to the lockdown but the government is adding to the burden of the common man

11.People have suffered economically due to the lock down

Pandemic is exploding with new high each day and people are struggling to save their lives in a trembling healthcare system but the government seems to be accumulating wealth by pinching the pocket of the common man

12.High petroleum prices are adding to the pain of people amid crisis


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