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Petrol and diesel prices continued to rise

prasad1

Well-known member
Chidambaram said crude oil price at USD 74 per barrel are still lower than USD 105 four years ago. "So, why are Petrol/Diesel prices higher today than they were in May 2014?," he asked.

The BJP-led government had raised excise duty nine times between November 2014 and January 2016 to shore up finances as global oil prices fell, but then cut the tax just once in October last year by Rs 2 a litre.

 

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