The Indian economy, under major duress even before the pandemic hit, has for the recent past been in quite a disastrous state. Now, there’s worse news, albeit one that we’ve almost gotten used to. Petrol prices have been hiked for the 8th day in a row by the government – petrol by a record 62 paise per litre and diesel by 64 paise.
Petrol price on Sunday was hiked by a record 62 paise per litre and that of diesel by 64 paise as oil companies for the eighth day in a row adjusted retail rates in line with cost since ending an 82-day hiatus in rate revision.https://t.co/BwMdochJs6— The Hindu (@the_hindu) June 14, 2020
There’s been quite a bit of outrage online.
I wish Indian Petrol was listed for investing, Doesn’t fall with international fuel prices crash, Goes up sharply with international prices.— Prem Doshi (@StocksResearch) June 13, 2020
100% safe Investment!
This is merciless badgering of an already agonised people. Government may think it is making more money but demand in the economy will be destroyed. Why the price rise when crude Oil prices are at record low levels? Give the people money, stop robbing them https://t.co/El5aF77rQ1— Sitaram Yechury (@SitaramYechury) June 14, 2020
BREAKING: Petrol and Diesel prices hiked AGAIN.— Aditya Chaudhary (@adityamanu968) June 14, 2020
Petrol and diesel priced at Rs 75.78/litre (increase by Rs 0.62) & Rs 74.03/litre ((increase by Rs 0.64), respectively in Delhi.
Petrol and diesel prices hiked for 8th day in a row. #Rs75.78 pic.twitter.com/rzY7X82bIo
#OilPriceHike— Nihal Pandallur (@Nihalpandallur1) June 12, 2020
Within the past 6 days the overall oil prices have witnessed a baffling hike. ₹ 3.32 and ₹ 3.28 were increased to petrol & diesel consecutively. pic.twitter.com/sSy0qSR8vl
Delhi: Petrol and diesel prices rise to Rs 75.78/litre & Rs 74.03/litre, respectively in the national capital. A commuter says, “This will create an extra burden on our pockets, during this lockdown.” pic.twitter.com/Q8WQ7IVGlz— Moumita Mondal (@MondMoumita) June 14, 2020
When crude prices go down petrol prices go up. Is there any logic ? When worldover democracies are giving tax breaks in this troubled times of Covid,— indian (@indian08151924) June 14, 2020
–#BoycottPatanjali #petrolpricehike pic.twitter.com/FFvYxfozdY
Petrol prices are going up every day.The price of oil should be fixed at 60 rupees.There are many poor unemployed people who do delivery work.What will happen to them?The condition of this lockdown work is bad.They are working all day and there is no money. @IndianOilcl @PMOIndia— সুমন (@suman786266) June 14, 2020
What is happening https://t.co/68RZAHJdB2 @PMOIndia???— Shubham (@shubhammitra821) June 14, 2020
People are loosing jobs,Salaries are being cut & Businesses has been hit badly & In this times petrol & diesel prices are hiked & the govt is saying we will support the poor & the middleclass. Is this a joke? @dpradhanbjp https://t.co/dSEOS3OQd5
In this Crisis time. People are jobless. Medical facilities super expensive. Banks charging interests on moratorium period. Deisel/petrol prices are increasing day by day. This is growing india. Modi ji is this what you thought for common man. Superb BJP. @PMOIndia @narendramodi— mein_azzadd_hun (@Azzadd4) June 13, 2020
A cruel joke played by an insensitive govt— Ajay Kamath (@ajay43) June 14, 2020
India is the only country where petroleum prices are moving in the opposite direction.— Scorpio 💯 (@Kumar_go) June 14, 2020
Come on everybody, Thaali bachaohttps://t.co/k83Cbopn2g— Muhammed Hafil (@muhammed__hafil) June 14, 2020
Petrol prices are increasing daily burdening the common man during these tough times.— Asif Ahmed (@AsifAhmed7411) June 10, 2020
A simple comparison of taxes on petrol:
USA – 19%
Japan – 47%
UK – 62%
France – 63%
India – 275% Highest in the world!!@dpradhanbjp @OfficeDp @PetroleumMin
Rs 75.78.— cautelous (@numbdroll) June 14, 2020
Petrol and diesel prices hiked for 8th straight day by 62 paise and 64 paise respectively. Cumulative increase in petrol price over 8 days is Rs 4.52 & increase in diesel price is Rs 4.64
Consequences of electing inept, incompetent idiots are turning out to be grave
While the country is battling a pandemic. The govt is increasing prices of petrol and diesel everyday. Prices hiked for 8th straight day . Where is ache din. Sirf bjp ke ache din aaye hain desh ke nahi @srivatsayb— Sojal Goyal (@goyal_sahab873) June 14, 2020
Petrol prices hiked 8th day in a row. How much burden Indian taxpayer have to take on before giving up?— Anurag S. Thakur (@anurag4634) June 14, 2020
Petrol & Diesel Prices raised for the 8th day.Govt was claiming that prices r linked to International – Import price.When the Import cost is so low why prices r increased? Is it to compensate the Revenue loss in other sectors due to #Covid19?#TelKiMaar— Prof J K Mohapatra (@Jkm567) June 14, 2020
With the country already in a terrible slump, facing a multitude of problems, this decision has just added to the burden of the common man. And the public anger is showing.