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Is This Acche Din ? Petrol Prices Rises To Four Year High, Diesel Highest Ever

File Picture Courtesy : Hindustan Times ( Representational image only)

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.

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