'Petrol, diesel prices may stay high in immediate future': 10 points
'Petrol, diesel prices hike may stay high in immediate future': 10 points on Business Standard. Petrol and diesel price burning a hole in pockets, petrol price in Mumbai is Rs 85 and Rs 77.17 in Delhi. P Chidambaram claimed rates could be reduced by Rs 25 per litre. Find latest updates on petrol diesel price rates.
Latest News Petrol and diesel will continue to burn a hole in your pocket as Hindustan Petroleum Corporation Limited (HPCL) Chairman and Managing Director Mukesh Kumar Surana has told news agencies that fuel prices might remain high in the immediate future. Petrol prices in the country's financial capital, Mumbai, touched Rs 84.99 a litre on Wednesday, while the fuel's price inched higher to a new record of Rs 77.17 in Delhi. In Delhi, Kolkata, Mumbai, and Chennai, diesel was sold at Rs 68.34, Rs 70.89, Rs 72.76, and Rs 72.14 per litre, respectively. As of Wednesday, one trigger after another had led to the 10th consecutive day of increase in retail selling price of petrol and diesel. As frustrations mounted across the country, Union Law & Justice, Electronics, and Information Technology Minister Ravi Shankar Prasad on Wednesday said that the Narendra Modi government was working on a longterm plan to tame fuel prices. "Instead of an ad-hoc measure, the government wants to have a long-term view that addresses not only volatility but also takes care of the unnecessary ambiguity arising out of frequent ups and downs," Prasad said. The government has come under attack from the Opposition as fuel prices have gone up day after day. Former finance minister P Chidambaram claimed
that the rates could be reduced by Rs 25 per litre but the government was not doing so. "It is possible to cut up to Rs 25 per litre, but the government will not. They will cheat the people by cutting price by Re 1 or Rs 2 per litre of petrol," he said in a Tweet. Here are ten top points on rising petrol and diesel prices: