Budget 2018: Fuel prices continue to fuel discontentment
It was Isaac Newton who said what goes up must come down. But much to the dismay of common man, the petrol and diesel prices are stubbornly defying the law of gravity. Resultantly, on Friday petrol will cost Rs 76.07 which is an increase of 5 paisa on previous day’s price. Diesel price will be pegged at Rs 68.63 per liter which is same as before.
The expectations were high after the finance minister reduced the excise duty by Rs 2 per liter, but to no avail. However, due to road infrastructure of Rs 8 per litre being introduced, the rate of fuel instead of going down, in fact increased. It was after calculations at about 9 pm that fuel rates were received from Rajasthan petroleum dealers association.
Notably, the rising fuel prices specially diesel, affects the market and the transporters gradually increase the freight. This leads to increase in price of many commodities.