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Preparations started to reduce the price of petrol and diesel? Important meeting with oil companies on June 17, discussion will be held on reducing rates

Petrol Diesel Meeting: Unbridled prices of petrol and diesel have broken the back of the common man. Due to the skyrocketing oil prices, the inflation rate in the country is also at a record high.

New Delhi: Petrol Diesel Meeting: Unbridled prices of petrol and diesel have broken the back of the common man. Due to the skyrocketing oil prices, the inflation rate in the country is also at a record high. The government has also made it clear that it cannot do anything about the rising prices of petrol and diesel, because it is completely in the hands of the global market, that is, according to which the crude oil will decrease in the world, the prices of petrol and diesel will also decrease. Will increase further and crude oil is getting increasingly expensive.

Meeting on rising prices of petrol and diesel

Meanwhile, preparations have also started to reduce fuel prices. The Parliamentary Standing Committee has convened an important meeting on the rising prices of petrol and diesel, in this meeting the officials of the Ministry of Petroleum as well as the officials of the country’s state-owned oil companies IOC, BPCL, HPCL have also been called. This meeting is to be held on June 17 this month. In the meeting, the reason for the rising oil prices, will be discussed to find a solution. It will also be considered whether there is any way by which the prices can be reduced or in any way some relief can be given to the people. In this meeting on behalf of the Standing Committee, information will be sought regarding the current pricing, marketing and supply of petroleum products, natural gas. Ramesh Bidhuri will lead this meeting.

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The government raised its hands!

Let us tell you that at this time in seven states of the country, petrol has crossed Rs 100 per liter. In Rajasthan’s Sri Ganganagar, even diesel has crossed Rs 100. In such a situation, the country’s Petroleum Minister Dharmendra Pradhan says that this is a matter of concern, but for development works, the central and state governments need extra money from taxes on petrol, diesel. In such a situation, it is clear that the government is not going to reduce the tax on fuel. But the government is ready to bring petrol and diesel under the ambit of GST. First Finance Minister Nirmala Sitharaman and then Dharmendra Pradhan have also said that if the state wants, it can happen. But in the meeting of the GST Council held in the past, there has been no discussion about petrol and diesel so far.

Central and state governments charge heavy taxes

For your information, let us tell you that 60 percent of the price of petrol is from Central Excise and state tax, while in diesel it is 54 percent. Central excise duty on petrol is Rs 32.90 per liter, while that on diesel is Rs 31.80 per litre. Petrol diesel prices usually change daily, these prices are fixed on the basis of benchmark international crude prices and foreign exchange rates. That is, it is clear that unless the central and state governments reduce the tax, it is difficult for the common man to get relief from inflation.

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