In this article, we are going to explain to you Why Petrol and Diesel are so Costly in Modi Ji Tenure? We all know that the price of petrol and diesel is skyrocketing these days. However, have you ever ask this question to yourself? Why is this happening in Modi Ji Tenure? Meanwhile, If you ask this question to yourself and you haven’t the answer yet, then this article is for you.
If we look deeply, the price of petrol and diesel is increasing day by day during Modi Ji tenure. Moreover, common people worry about this scenario. Today i.e on 22-04-2018, the price of petrol reaches 74.40 Rupee litre. This is the highest price of Petrol, from the time when BJP came into power. On the other hand, the price of diesel reaches 65.65 Rupee Per Litre. Till Now, This is also the Highest Price of Diesel in India. If Government doesn’t control the prices of petrol diesel, then soon the price of other products will also increase. This will happen because the Import & Export charge depends upon the Price of Petrol & Diesel.
Reason Why Petrol and Diesel are so Costly in Modi Ji Tenure?
Because of the rising prices of Petrol and Diesel, the central government wants to bring it under the purview of GST.
However, At the same time, State Governments in India, feels that they will face the loss because of it.
Moreover, Petroleum Ministry also applies to reduce the excise duty, but our Finance Minister Arun Jaitley rejects it in his budget speech, which he presents in the Lok Sabha.
In fact, Finance Minister Increases the Excise Duty of Petrol and Diesel several Times in past.
Meanwhile, one-time last year in October the excise duty is cut by 2 Rupee.
Other Facts About the Rate of Petrol and Diesel
- In South Asia, the rate of Petrol and Diesel is most expensive in India.
- Moreover, This Saturday in Libya, Terrorist attacks at the Libyan Oil Company Pipeline “Al-Waha”. Because of this, Experts estimates the loss of 1,00,000 Barrels. This will also lead to the rise in the rate of petrol worldwide.
Okay, that’s it for this Article. Do let us know your opinion about our article “Why Petrol and Diesel are so Costly in Modi Ji Tenure?”. You can post your opinion & Questions in the Comment Section Down Below.