The Central Government has increased petrol and diesel prices by ₹2 per litre, citing a revision in excise duty. The hike came into effect from midnight, affecting consumers across the country and triggering public outcry over the rising cost of essential commodities.
According to official sources, the revision in excise duty led to the hike, as the government looks to balance fiscal responsibilities amid growing expenditures. With this move, petrol and diesel prices have once again become a focal point of public concern, especially among middle- and lower-income groups who are already burdened by inflation.
This latest price increase comes after a relatively stable period in fuel rates. Transporters and daily commuters have expressed disappointment, warning that the increased fuel prices may lead to a cascading effect on the prices of other goods and services.
Political leaders from opposition parties have criticized the decision, questioning the need for a hike at a time when global crude oil prices are relatively stable.
As citizens brace for the impact, calls are growing louder for the central government to roll back the excise hike or provide subsidies to offset the burden on common people. Fuel dealers have also indicated that further price revisions could be expected in the coming weeks if global or fiscal pressures continue.
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