Petrol and diesel prices are constantly skyrocketing and this is affecting the pockets of the common man. But now the government can give relief to the common people. The finance ministry is considering imposing tariffs on petrol and diesel.
Crude oil prices have doubled in the last 10 months, which has affected domestic oil prices in India. Due to taxes and duties in the country, the price of petrol and diesel has gone up by 60%, which the common man has to suffer.
The government created tax revenue by raising taxes on petrol and diesel during the coronary period. The government did not provide low price of crude oil to the buyers.
But now the government is considering reducing its taxes. The government wants to find a way that makes no difference from the revenue and provides cheap petrol and diesel to the public. The finance ministry has held discussions with several states, oil companies and the petroleum ministry.
Petrol and diesel prices are considered stable. It could be decided by mid-March. The government wants to stabilize prices so that the tax structure does not change if crude oil prices rise in the future.
Petrol and diesel prices remained unchanged for the third day in a row on Tuesday. In Delhi, petrol is priced at Rs 91.17 and diesel at Rs 81.47. In Mumbai, petrol is priced at Rs 97.57 and diesel at Rs 88.60 per liter.