Following the largest ever-disruption of crude production in Saudi Arabia amid drone attacks on its key facilities, prices of petrol and diesel in India may shoot up by Rs 5 to 6 a litre in next fortnight, experts said on Monday.
Fuel prices began an almost unbroken northward march since August 1. They fell only once on August 13 in the last 41 days. Prices surged on 29 days and remained unchanged on 11 days, and have been breaching record levels for more than a week now.
Bharat Bandh Latest Updates: BJP slammed Congress and other Opposition parties for playing 'politics of violence' at the expense of common people.
Petrol and diesel prices have been on a steady rise since August 2.
There was a reduction of 10 paise per litre in Delhi, Kolkata, Chennai and 14 paise in Mumbai.
The strike is likely to cause a hike in prices of perishable goods items due to supply constraint.
The ex-FinMin claimed that effects of demonetisation were still evident on India's economy and holding up return on GST filling has further stressed the business owners.
Petrol and diesel prices were today hiked for the 15th day in a row, taking the cumulative increase this month to the highest in at least five years.
New Delhi: Congress today criticised government's decision to hike excise duty on diesel and petrol by Rs 2 per litre, saying it is “unjustified” and amounts to “fraud” with people.“Instead of people getting the benefit
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