Other Analysis Report: Diesel crosses Rs 80 for the first...

Analysis Report: Diesel crosses Rs 80 for the first time in history, know the reason for rising prices from experts?Analysis Report: Diesel crosses Rs 80 for the first time in history, know the reason for rising prices from experts?

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People suffering from the Corona epidemic are now hit by inflation. After a record increase in the prices of petrol and diesel, prices have now reached a new high. For the first time in Delhi, the price of diesel has crossed Rs 80, while the price of petrol is also at a record high. While the oil companies are continuously increasing the prices of diesel and petrol, the excise and VAT charged by the government is also a big reason behind the increase in prices.

Analysis Report: Diesel crosses Rs 80 for the first time in history, know the reason for rising prices from experts?

Petrol-diesel prices have increased for the 19th consecutive day in the country during the Corona period. In the last 19 days, diesel has become costlier by 10.62 paise, in Delhi today the price of one liter of diesel is Rs. 80.02 per liter and petrol prices have risen to 79.92 after 16 pence.

If we talk about Madhya Pradesh, then petrol prices in the state have reached Rs 90 per liter. Petrol prices in the capital Bhopal today reached Rs 87.53 per liter and diesel prices reached Rs 79.44 per liter.

After all, why the prices of petrol – diesel prices are rising – the prices of diesel and petrol have touched a record and for the first time in the country, diesel prices have crossed Rs 80, in the conversation with Madhya Pradesh Diesel-Petroleum Association President Ajay Singh Webdunia says that the price increase There are many reasons. The first major reason for the price rise was the easy target of petrol and diesel by the government to raise funds for Kovid and increased excise duty in a big way.

Due to Corona, the states also needed money, so they have increased VAT on petrol and diesel. Like Madhya Pradesh increased by one rupee per liter, but UP, Rajasthan, Gujarat and Delhi increased by 2-3 rupees per liter.

Economist Aditya Maniyan Jain on petrol and diesel prices increases, says that central and state governments are heavily dependent on petrol and diesel for revenue to fill their coffers and they increased tax to fill empty coffers due to Kovid. . Previously due to the lockdown, where petrol and diesel consumption was less, but as soon as the lockdown was relaxed and consumption

Easy Target to Fill Treasure – The biggest reason for the price of petrol and diesel being expensive, Ajay Singh says that petrol and diesel is a product on which 100% tax is recovered by the government, like if we are selling hundred liters of diesel-petrol, then the entire tax is paid to the government. Goes, so the government seems to have a very clear target of collecting money.

Crude Oil Prices Increase – With this, the main reason for the price rise is the rise in the price of crude oil. At one time, the prices of crude had reached $ 18 per barrel due to the Corona epidemic, but as the Corona epidemic came under little control. And the whole world came out of lockdown and there was a slight rise and it directly affected the prices of crude. Today, crude prices have reached 43.41 per barrel, which is more than double than before, in such a situation, the companies were compelled to increase the prices and to cover the losses oil companies started raising prices.

Why expensive petrol in Madhya Pradesh On the sale of generally the most expensive petrol and diesel in Madhya Pradesh, President of State Diesel Petroleum Association Ajay Singh says that taxes on petrol in Delhi are low and taxes on petrol are high in Madhya Pradesh, due to this there is a difference in prices and prices are higher in the state .

There is a difference in tax on petrol prices over diesel as compared to Delhi. If there was a tax on petrol and diesel, then maybe the state Even diesel – petrol would be costlier. In Madhya Pradesh, there is 28 per cent VAT on petrol and Rs 5.50 additional tax and 23 per cent VAT on diesel and Rs 3.50 additional tax. Ajay Singh says that petrol and diesel prices will increase in the coming times. Petrol prices can reach Rs 95 per liter within a month.

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