fuel prices hike

Amid the economic crisis, the Pakistan Government is likely to increase the prices of petrol and diesel. As per local media, petrol and diesel prices are likely to increase by Rs 32 per litre from February 16. Notably, Petroleum, oil and lubricant prices have increased and is Rs 272 for the next fortnight, forcing the Government of Pakistan to increase the prices, giving another major shock to its citizens.

The Central Government is not mulling over any plans for tax cuts on fuel to provide relief from the sting of rising fuel prices, said experts. The issue of this global rise in fuel price was raised during a recent meeting between senior executives, finance and oil ministers, and others. A person privy to the discussion said that the Finance Ministry has turned down the proposal to cut the duty.

Petrol and diesel prices remained constant for the eighth consecutive day on November 12, after a reduction in the excise duty by the Centre. In Delhi, petrol and diesel is priced at Rs 103.97 and Rs 86.67 per litre, respectively. Mumbaikars would be paying Rs 108.98 for petrol and Rs 94.14 for diesel. Furthermore, in Chennai, petrol and diesel is sold at Rs 101.40 and Rs 91.43 respectively. 

As per UNI, the petrol and diesel prices were increased by oil marketing companies on October 30. Petrol in Delhi is now sold at Rs 108.99 and diesel at Rs 97.92 per litre. In Mumbai petrol and diesel is priced at Rs 114.81 and 105.86 per litre respectively. Petrol in Kolkata increased by 34 paise and stands at Rs 109.46, whereas… read-more

To protest against the hike in fuel price in India, Mohammed Badhusha, a student of class 12 from Kerala’s Marampally has built a scooter cum bicycle named “Bajacle.” It is made by combining the front portion of a Bajaj scooter and the tail of a bicycle. It costs around Rs 4,000 to build this vehicle. “A few have requested ‘Bajacles’ for them,” said 17-year-old Badhusha.