File Picture Courtesy : Hindustan Times ( Representational image only)
There seems to be no relief for the common man , Prime Minister Narendra Modi’s slogan of ‘Acche Din’ is facing reality test again. The price of petrol rose to a four-year high of ₹73.73 a litre and that of diesel hit the highest ever at ₹64.58 , thus renewing calls to the government to cut excise duty.
The state-owned oil firms, which have been revising auto fuel prices daily since last June, raised the prices of the two fuels by 18 paise a litre each , according to a price notification.
The petrol price is the highest since September 14, 2014, when it was ₹76.06. The previous record of diesel was ₹64.22 on February 7, 2018.
Earlier this year, the Petroleum Ministry sought a reduction in excise duty to cushion the impact of rising international oil prices, but Finance Minister Arun Jaitley, in his Budget presented on February 1, ignored the demand.
