Fuel prices surge throughout the week, criticism against Centre continues
Petrol prices rose by 39 paise on Saturday taking the rate past ₹90 per litre in the Capital, news agency ANI reported. Prices of diesel also rose in New Delhi by 37 paise and consumers will now have to pay ₹80.97 for every litre.
Petrol prices rose by 26 paise on Monday and stood at ₹88.99 per litre. The rise in petrol prices has led to widespread criticism of the current government. The Congress party’s Odisha unit in response to the price hike held a six-hour strike, which led to the closure of schools and colleges and affected train services in the state. A PTI report said that activists from the Congress party dressed like Prime Minister Narendra Modi and asked people if prices of petrol and diesel have been lowered.
Meghalaya chief minister Conrad Sangma decided to slash petrol and diesel prices on Wednesday in the state. Prices of petrol and diesel had reached ₹91.26 per litre and ₹84.23 per litre. “Both petrol and diesel will be reduced by approximately ₹7. It is being done primarily to ensure that the consumers are not affected by the high prices in order to give some relief to them,” Sangma had said in a press conference on Wednesday.
Petrol prices surged again on Thursday by 34 paise to ₹89.88 per litre and diesel prices rose by 32 paise to ₹80.27 per litre. Following the price rise, Shiv Sena MP Sanjay Raut hit out at the Centre saying that despite being seven years in power the Bharatiya Janata Party (BJP)-led government has been unable to address issues related to price rise and chooses to blame previous dispensations. “Where is the money going? Is it going to West Bengal? This is wrong if it is so,” Raut was quoted as saying by news agency ANI.
The furore among opposition was such that newly-elected Maharashtra Congress chief Nana Patole said if actors Amitabh Bachchan and Akshay Kumar do not take a stand on the issue of fuel price hike, it will lead to stoppage of screening of their films and shootings shall also be barred in the state.
Petrol prices crossed the ₹90 threshold as rates went up again on Friday in the national capital prompting opposition parties to target the government over the continuous rise in prices. Petrol prices were hiked by 31 paise per litre leading prices to go up to ₹90.19 a litre in Delhi and diesel rose by 33 paise to ₹80.60 per litre.
PM Modi addressed the issue and said that the problem lies with previous regimes who burdened the middle-class by importing fuel from other countries. “Can a diverse and talented nation like ours be so energy import-dependent?” PM Modi questioned the previous governments while addressing an event in Tamil Nadu.
“I do not want to criticise anyone but I want to say (that) had we focused on this subject much earlier, our middle-class would not be burdened,” he added.
Enter your email to get our daily newsletter in your inbox
- Indian Institute of Science in Bangalore retained its ranks for Materials Science (78th) and Chemistry (93rd).
- India’s vaccination campaign ramped up on Monday, with people above the age of 60, and individuals 45 or older suffering from certain medical conditions, now eligible for shots.
- The company, which relies heavily on digital advertising using user data, said it will not track individual-level data such as personally identifiable information (PII) graphs based on people’s email addresses.
- In comparison, PMI for the manufacturing sector had fallen marginally to 57.5 in February from 57.7 a month ago, data released on Monday showed.
- The Council is expected to meet this month, but a date is yet to be finalized, the first person said.
- Lawyers representing the consortium had earlier insisted that DGCA and the aviation ministry must follow the principle of historicity and grant slots to the revived Jet Airways.
- The Suzuki Motor Corp. unit has told its suppliers about its strategies, asking them to ramp up production, the people cited above said on condition of anonymity.
- The BSE Sensex gained 1,147.76 points or 2.28% to end at 51,444.65, while the Nifty surged 326.50 points or 2.19% to close at 15,245.60
- For those filing returns for FY20 in form ITR-1—people with income from salaries, one house property and farm income up to ₹5,000—the last date for filing was January 10, 2021.
- HDFC also outlined that the changes will affect customers who currently have availed home loan benefits from the lender.