Transporters’ body AIMTC on Friday termed the recent 14-16 paise per liter cut in petrol and diesel prices in major cities as “bombastic”, saying it is still slashing their prices by up to ₹ 40 per liter. There is scope for
In a statement, the All India Motor Transport Congress (AIMTC), which claims to represent more than 95 lakh truck drivers and institutions, said it is an open fact that this small cut in petrol and diesel prices Elections are affected in four states – West Bengal, Tamil Nadu, Kerala and Assam.
Bal Milkit Singh, President (Core Committee) of All India Motor Transport Congress, said, “We welcome the reduction of petrol and diesel prices in major cities by about 14-16 paise per liter, which is due to the price improvement in April.” Brent crude was around $ 62 per barrel in early 2021, from a peak of $ 70 a barrel in early March 2021. “
Currently, petrol and diesel prices in the national capital are 90 90.40 and 80 80.73 respectively. “This shows that there is still room for a reduction of more than ₹ 40 in each case.” Mr Singh said the price reduction “is cosmetic in nature and does little to make any tangible difference in the current scenario”. He said that he had to reduce the time by more than ₹ 40 “and the people of the country needed relief from the adverse fallout of the second wave of coronovirus epidemic.”
AIMTC also said that in May 2014, when the price of international crude oil was $ 105 per barrel, the price of petrol was diesel 71.41 and the price of diesel was ₹ 56.71.
“In December 2020, when crude oil was $ 47.58 per barrel, petrol in India increased to .3 90.34 and diesel and 80.51,” he said.
Crude oil prices are at the level of July 2009 when the price of crude oil was $ 64.82 per barrel and petrol prices in the country were 40.62 and diesel was priced at 6 30.86, Mr. Singh said in the statement.
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