Fuel prices, particularly for petrol and diesel, play a crucial role in the daily lives of Indians. From transportation costs to the price of essential goods, everything is influenced by the cost of these fuels. The relentless rise in petrol and diesel prices during the BJP government’s tenure has become a pressing concern for the common people.
Petrol and Diesel Prices Before the BJP Government
Before the BJP government came into power in 2014, the international crude oil price hovered around $100 per barrel. However, during that period, petrol prices in India were around 70-75 INR per liter, and diesel prices stood at approximately 50 INR per liter.
Price Increase Post-BJP Government
Since the BJP assumed power, the international crude oil price has seen several significant dips, at times dropping to as low as 40-50 USD per barrel. Yet, in India, the petrol and diesel prices did not decrease accordingly; rather, they have continued to rise. Currently, with crude oil prices at around 85-90 USD per barrel in the international market, petrol prices in India have crossed 100 INR per liter, while diesel hovers near 90 INR per liter.
Why This Discrepancy?
Despite lower international prices, the Indian market has not benefitted from reduced fuel prices due to the heavy taxation imposed on petrol and diesel. Both the central and state governments impose substantial taxes on these fuels. The excise duty levied by the central government and the VAT imposed by state governments have become significant contributors to the inflated prices that consumers must bear.
What Should the Current Fuel Price Be?
If we compare with previous standards, current international crude prices suggest that petrol should be priced at around 70 INR per liter and diesel around 60 INR per liter in India. However, the existing tax structure has pushed these prices to nearly double.
The Big Question: Why This Discrepancy?
The key question remains—if the central government truly has the people’s welfare in mind, why is no concrete step being taken against this excessive pricing? Why aren’t these tax burdens being reduced? Should the people of India continue to bear this weight, or is a broader movement needed to demand change? To improve the standard of living for ordinary citizens and alleviate this tax burden, is the government genuinely willing to make a change?
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@ispat’s Comment: The common people of India are overwhelmed by the burden of these high taxes. It is high time to prioritize people’s welfare and take appropriate action. If the country’s economy depends on the people’s hard-earned money, then the government should also hold responsibility toward the people in turn.
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