The government has decided to drop an inflationary bomb on the public by increasing the prices of petroleum products by 32 rupees per liter. This increase is expected from tomorrow, Thursday, February 16.
Petroleum levy on diesel will also increased by Rs 10 per liter. Thus, the total increase will be 50 rupees per liter. The main reason for this is the uncontrollable increase in the dollar exchange rate. Which has become about 272 rupees.
The target is to get 850 billion rupees from these additions. But the shortfall in this regard estimated at 250 billion rupees. The government has increased the prices of petroleum products by Rs 35 per liter from February 1 to 15.
According to the concerned authorities and industry sources, the price of petrol will increase by 12.8% to Rs.281-87 and diesel will increase by 12.8% from Rs.262.8 to Rs.295.64 per liter.
Kerosene will be Rs 217.88 per liter, light diesel will be price at Rs 196.90 per liter. These prices are based on the volume of government taxes. The levy on diesel which is Rs 40 per liter will be increased by Rs 10 to Rs 50 per liter.