Patna: The price of fuel remained unchanged at the beginning of all time throughout the state for the 31st day in a row on Tuesday despite falling in the international crude level.
The price of gasoline is stable at Rs 104.45 per liter and diesel at Rs 95.7 per liter in state capital in accordance with the price of oil marketing company notification.
Experts say high fuel rates can cause periods of prolonged inflation because they have an impact on the price of many other commodities, including essential.
DM was written, an economist and former Director N Sinha Institute of Social Studies, said the increase in fuel prices had cascading effects on all commodities and the government tried to cover all loss by using public money by using public money by using public money by using public money by using public money by using Public money using public money by using public money by using public money using public money.
“High fuel rate will have a serious impact on other commodities because of transportation costs.
The level of constant growth, but the price rises.
This is not a good sign for the economy as causes economic stagnation (period of prolonged slow economic growth, usually accompanied by high unemployed ).
The unemployment rate also increases in the country because the demand for commodities decreases due to the high price, causing a recession, “said it.
Sudhanshu Kumar, an economist at the Center for Public Economic and Financial Policy, Patna, said the tax was the main component of fuel prices in India and there was no tax change in petroleum products in recent months.
“High fuel prices will regage the economy and cause inflation,” he added.
The price increase of pandemic and Covid fuel has become a double blow for poor people and middle class.
Sandeep Suman, a resident of Kadamkuan, said the price of gasoline and diesel has increased at a rapid level since May last year.
“I have been forced to cut additional costs so that important needs can be fulfilled.
The government must do something to reduce fuel prices,” he said.
Jyotsna Singh, a resident of Rajeev Nagar, said someone had to think twice before spending money on items that were not important because of high inflation.
“To balance the house budget, we only buy vegetables and grains that are cost-effective,” he said.