Reportedly the Indian government released the budget for 2019-20 on Friday, and announced an increase in excise duty and cess on petrol and diesel by Re 1 per litre. Meanwhile following this, the petrol and diesel prices have gone up by over two rupees, a day after the announcement.
Furthermore the officials reported an increase in fuel prices when TNM inquired in four southern cities at various petrol pumps. In Bengaluru hp petrol pump employee told “Yesterday, petrol was priced at Rs 72.89 per litre. Today, it is Rs 75.42 per litre". In hyderabad the petrol price which was Rs 74.88 for the past four days, has increased to Rs 77.48. Diesel which was at Rs 70.06 increased to Rs 72.62.
In Chennai a petrol pump executive at Bharat Petroleum told TNM that petrol rates have increased from Rs 73.24 to Rs 75.81 on Saturday. “As for the diesel rates, it has gone up from Rs 68.01 to Rs 70.53 per litre". From kerala capital city Thiruvananthapuram it was reported that Petrol till yesterday was at Rs 73.73, today it’s at Rs 76.25. Diesel, which was at Rs 69.19 on Friday, is at Rs 71.67 a litre now.”
