The most curious part is that while oil prices were at least $112 per barrel in May 2014 when the BJP-NDA took over.
The fire from the fuel price rise is hotter than the Indian summer. International oil prices have gone up recently and crossed $80 per barrel this month. However, Indians have always paid an abnormally high price at the pump because of Central and State taxes that amount to nearly 50 per cent of the price of a litre of fuel extracted from crude, besides commission, etc and dispensed at the pump. Indians pay the highest petrol-diesel prices in South Asia.
The most curious part is that while oil prices were at least $112 per barrel in May 2014 when the BJP-NDA took over, the petrol price was between Rs 75 and Rs 80 per litre in different cities. And when oil is selling at $80 a barrel now, the price of one litre is around Rs 84. No one can work out the maths of this although we know that a greedy Centre and States have been piling on excise and VAT on fossil fuel to up their revenues.
Having questioned rising fuel prices between 2011 and 2014 by making a dance and song about it, the ruling forces are now facing the wrath of the Indian public. BJP bhakts are running scared or keeping quiet even as their supporters are facing flak for views expressed in the past. Waking up late to the issue of runaway pump prices – which will also lead to cascading rise in prices of everything in life – the Centre is now trying to find a way out and promising lower prices in a few days from now.
Farhan Akhtar @FarOutAkhtar9
Rs 84 per litre mubarak to you and your loved ones.
Actual cost I believe is Rs 31, based on info i could find online (do correct me if I'm wrong, happy to learn) .. the rest are central & state taxes, cess & commissions. Just so you know that the price can be brought down.
Intekhab Natalwala @INatalwala
I guess petrol/diesel is free for all these Modi Bhakhts Actors right now or they use Gau Mutra in there cars?I dare these so called super stars to just say few words against this Petrol hike which has literally broken d budget of a common man
Vikas Yogi @vikaskyogi
Central excise duty on Diesel in May 2014 was Rs 3.46 per litre and today it is Rs 15.33 per litre (443 % increase) .
Before Modi became PM - Massive hike in Petrol Prices a prime Example of failure of Congress **Modi the PM - Highest Petrol Rates ever, whose Failure is it ?? #FuelOnFire
Petrol Price in Mumbai has touched ?84, HIGHEST ever in our country.
Certainly former minister Smriti Irani @smritiirani is marching everyday & Union Minister Ravi Shankar Prasad @rsprasad is commuting by bicycle to work!!??
Ravi Kumar K @6060Ravi
Where will all these people hide their faces today? Even when Crude hit 140$ per barrel fuel was sold less than the present prices during Manmohan Singh rule. And all these people cried then.
Just filled quarter of tank with 84.80 Rs/Ltr Petrol..... Ufff that smell of Deshbhakti & that joy of scarifies... Every drop of it felt like Bullets of Godse in Mahatma's body #FuelOnFire #FuelPrice
Kamran Shahid @iKamranShahid
Yesterday Batman had to piggyback Superman in Bengaluru because he could not afford fuel for his batmobile....!! #FuelOnFire
I am damn sure if you want to know his comment know it will be Massive hike in #petrol is a prime example of the failure of Nehru-Jinnah. This will put a burden of Hundreds of crores on my innocent Bhakts
Too Good that includes our own Sri Bachchan Sahab. He is being tweeting on every thing except on Oil Price. That is the kind of fear our PM has impose.
akti, one got paid via campaigning for tourism and getting rid of panama papers, one became chairman of film institution, one who had given back to back 8 flops got tax free status for his movie . What else one wants ???
Adv. Somnath Bharti @attorneybharti
#FuelOnFire old speeches of @PMOIndia should be sent to him to remind him the hope with which he was voted to power
Rakesh Sharma @rakeshfilm
Noted global economist Ekta Kapoor, sharing her insights with lesser mortals. Perhaps we can jointly nominate her & Chetan Bhagat for #NobelPrize?
Hoping they control inflation by developing trucks that run on water, to deliver our fruits, vegetables and daily supplies.