Fuel Prices Surge Across Major Cities on April 19: Here's How Much You'll Pay at The Pump
- Posted on April 19, 2023
- By Top Stories
- 75 Views
Fuel Prices Surge Across Major Cities on April 19:-
Petrol and diesel prices are always a point of concern for the common people in India. With the rising fuel prices, people are looking for ways to cut down expenses. On April 19, the petrol and diesel prices in various cities across India have been revised.
Let us take a look at the latest fuel prices in your city so you can drive stress-free.
Petrol prices in the Delhi-NCR region, Gurugram, and Noida, were observed at around ₹96.72 to ₹97.10 per liter, whereas the petrol price in Mumbai was marked at ₹106.31 per liter. According to the data reflecting prices in various states, Andhra Pradesh recorded the highest petrol price of ₹111.76 per liter, while Andaman and Nicobar had the lowest price at ₹84.10 per liter. The cost of petrol in Hyderabad was ₹109.66 per liter, whereas in Lucknow, the capital of Uttar Pradesh, it was observed to be priced at ₹96.57 per liter.
Since 2010 and 2014, the Indian government has allowed the prices of petrol and diesel to be determined by oil marketing companies, namely Indian Oil, Bharat Petroleum, and Hindustan Petroleum. These companies set prices based on global crude oil prices that are updated daily at 6 am to ensure alignment with the prevailing market rates.
In 2017, a decision was made to change the frequency of price updates from every two weeks to daily updates.
The rise in fuel prices has been a cause of concern for the common man as it affects their daily expenses. The continuous increase in fuel prices is also having an impact on the inflation rate in the country. The hike in fuel prices is due to the increase in international crude oil prices and the high taxes imposed by the central and state governments.
To tackle the rising fuel prices, the central government recently announced a cut in the excise duty on petrol and diesel by Rs. 2.50 per liter. Many state governments also reduced the VAT on fuel to provide some relief to the consumers. However, these measures have provided only temporary relief to consumers as the prices continue to rise.
The rise in fuel prices also affects the transportation sector, as it leads to an increase in the cost of goods and services. It ultimately affects the netizens as they end up paying more for basic necessities.
In conclusion, the rise in fuel prices is a matter of concern for every citizen in India. While the government has taken some measures to provide relief to the consumers, a long-term solution needs to be worked out to tackle the issue of rising Fuel prices. Till then, consumers need to find ways to cut down on their expenses and manage their budgets efficiently.
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