MAMATA Expresses Concern Over Rising Petroleum Products

WB Chief Minister Mamata Banerjee has expressed concern over the rising prices of petrol and diesel as the oil marketing public Sector undertakings  defend themselves saying the hike in the petroleum products  is due to rise in  crude oil in international  market. Petrol price on Sunday increased by 33 paisa a litre in Delhi — the highest since the daily price revision came into force in mid-June 2017, and diesel by 26 paisa, according to price notification issued by state-owned oil firms. Rates vary from state to state depending on the incidence of local sales tax or VAT. Prices in Delhi are the cheapest among metros and most state capitals. The latest increase in petrol price has touched an all time-high, breaching the previous high of Rs 76.06 touched in Delhi on September 14, 2013. Diesel rates are also at the all-time high level. Tweeting her concern over rising petroleum products, Mamata Banerjee said common people are affected.”We are very concerned about the rising prices of petrol and diesel. This will certainly affect prices all around. Common people, farmers and many others will suffer,” she added. Petrol price on Sunday was increased by 33 paisa a litre in Delhi — the highest since the daily price revision came into force in mid-June 2017, and diesel by 26 paisa, according to price notification issued by state-owned oil firms. Petrol costs Rs 78.91 per litre and diesel Rs 70.12 in Kolkata, the notification said. Rates vary from state to state depending on the incidence of local sales tax or VAT. The price of petrol in Delhi touched a record high of Rs 76.24 per litre under the dynamic pricing regime beating the previous high of Rs 76.06 in the city on September 14, 2013.Sunday’s hike of 33 paise over the previous day was the highest since dynamic pricing resumed after the suspension, coinciding with the Karnataka elections. Diesel in the national capital on Sunday went to its highest level of Rs 67.57 per litre. Petrol prices climbed to new multi-year highs in other major metro cities too — Kolkata, Mumbai and Chennai — at Rs 78.91, Rs 84.07 and Rs 79.13 per litre respectively. Diesel prices also touched record high levels on Sunday in Kolkata, Mumbai and Chennai. They rose to Rs 70.12, Rs 71.94 and Rs 71.32 per litre respectively. The price of the Indian basket of crude oils composed of 70 per cent sour grade Oman and Dubai crude and the rest by sweet grade Brent has gone upwards of $70 a barrel this month, after rising to an average of $69.30 in April 2018. It averaged $47.56 and $56.43 per barrel respectively during the last two financial years. Meanwhile Minister for Petroleum & Natural Gas Dharmendra Pradhan has expressed concern to Saudi Arabian Minister of Energy, Industry and Mineral Resources Khalid Al-Falih over rising crude oil price in international markets.(Courtesy for Image To The Indian Express)