In the month of October, the round of increase in the prices of petrol and diesel continues. Due to this, the price of petrol and diesel is breaking its own record every day. State-owned oil companies have increased the prices of petrol and diesel for the 15th time in 20 days in the month of October.
After which the price of diesel has increased by 38 paise and petrol by 37 paise per liter in Jaipur. After this, 1 liter of diesel in Jaipur has reached 104 rupees 58 paise, while petrol has reached the price of 113 rupees 38 paise. This is the first time that prices have been increasing continuously for so long. These rates are the highest ever.
International crude oil prices are increasing continuously. The price of Brent crude has crossed $ 85 per barrel. Earlier in the year 2018, crude oil had crossed $85. This is the highest level of crude oil in 3 years. In such a situation, it is believed that there is a possibility of a further increase in the prices of petrol and diesel. Actually, there is a tremendous boom in the crude oil market these days. On the one hand, the demand for crude oil is increasing. On the other hand, there is no proper arrangement for its supply. Because of this, the prices of WTI crude in the international market yesterday rose by about two and a half percent.
Awaiting government relief to the common man, the central government in Rajasthan has increased the central excise and the state government several times in the last 18 months in the form of VAT. After which the state government had also given a reduction in VAT of 2 percent in petrol and diesel, but the government relief is currently proving to be unsuccessful in curbing the rising prices of petrol and diesel.
In such a situation, now the common man is also expecting a reduction in excise duty from the central government. So that the prices of petrol and diesel can come down. In Rajasthan, only during the time of lockdown between Corona, the state government had increased VAT by 10 percent on petrol and 8 percent on diesel. There were no vehicles plying on the roads at that time. When the vehicle started, people came to know that oil has become expensive. However, only after that, under pressure, the government reduced 2-percent on both.
