Patna: The price of fuel continues to reach the highest record because oil companies make gasoline and diesel more expensive by 40 Paise and 35 Paise per liter, on Saturday, the 13th grade of this month.
With a new increase, gasoline is being sold with Rs 109.06 per liter and diesel above Rs 100 per liter in the city.
The retail price of Diesel has reached Rs 100.99 per liter.
The fuel rate has been revised upwards 13 times this month.
As a result, gasoline has become more expensive by Rs 4,20 per liter and diesel of 4.38 per liter so far this month.
Oil companies and fuel stations have blamed the increase in international crude oil prices for gains.
Global crude prices traded at $ 84.86 per barrel.
Experts say fuel prices will continue to increase at least until December.
Sudhanshu Kumar, an economist at the Center for Public Economic and Financial Policy, Patna, said unless there was a change in tax on petroleum products, fuel prices would continue the increase trend.
“The fiscal health of the state government does not provide space for any tax reduction in the near future.
Also, it is clear that petroleum products will not come under goods and services (GST) easily.
Therefore, prices will continue to change with oil prices Raw with a little manipulation by the central government through control of oil PSU, mostly during the upcoming country selection, “Sudhanshu told this newspaper.
Continuous surge in oil prices has made transporter, commuter and citizens.
Residents have suffered financial constraints caused by Pandemic Covid-19 and the increase in fuel prices has added their misery.
Sneha Jain, a Makhanyakuan resident, said she used to pay Rs 350 to recharge her two-wheel fuel tank every 15-20 days, but now it requires Rs 500.
“However, gasoline does not last for more than 10 days..
The results of the increase in fuel prices, the price of essential commodities also skyrocket.
It is difficult for us to manage the household budget, “he said.
Deepak Kumar, a bank employee, said, “Save money is difficult because the increase in fuel prices also makes other important commodities more expensive.
It is impossible for us to cut our daily needs.” Raj Kumar Jha, Secretary General of all Federation of road transportation workers India – Bihar, said less than 50% autorickshaws plying on the road on Patna.
“Many are changing their profession because of the increase in fuel prices.
The state government does not come to save us,” he added.