Fuel Price Hike: Congress Slams Modi Govt Over Petrol, Diesel Surge
Congress criticizes Modi government for rising fuel prices.
Top Summary
- What happened: Petrol, diesel, and CNG prices have increased again, marking the third revision this month.
- Why it matters: The price hikes are happening while global crude prices remain high, potentially impacting household budgets.
- What changes: Petrol and diesel prices rose by under ₹1 per liter. CNG prices increased by ₹1 per kg.
- Who is affected: Ordinary citizens, particularly those reliant on personal vehicles and public transportation, are affected.
Congress Attacks Modi Government
The Congress party has launched a scathing attack on Prime Minister Narendra Modi, calling him "Mehengai Man" Modi.
The party accuses the central government of prioritizing the profits of oil companies over the welfare of ordinary citizens.
This criticism comes after a third fuel price hike within 10 days.
Fuel Price Increases
State-run fuel retailers raised petrol and diesel prices by under ₹1 per liter on Saturday.
This is the third revision this month, driven by high global crude prices amid the Iran conflict, according to Reuters.
In New Delhi, petrol prices rose by ₹0.87 per liter to ₹99.51, while diesel prices climbed by ₹0.91 to ₹92.49 per liter, dealer data showed.
CNG Price Hike
CNG prices also increased by ₹1 per kg with effect from May 23.
This further adds to the financial burden on consumers.
"'Mehengai Man' Modi has hiked petrol and diesel prices by 5 rupees in just 9 days. Today again, petrol has been made 94 paise more expensive and diesel 95 paise."
Congress's Stance
The Congress party questions the government's priorities.
They claim that while other governments are providing relief to their citizens, the Modi government is "fleecing its own citizens".
They urge the government to consider the welfare of the people and stop benefiting capitalists.
What to Watch Next
Monitor upcoming government statements regarding fuel pricing policies and potential measures to alleviate the financial burden on citizens. Further developments in the Iran conflict and their impact on global crude oil prices will also be crucial.