New Delhi: A liter of petrol was being sold in Delhi for Rs 76.78 while a liter of diesel was being sold for Rs 68.35. The price only reduced in the New Delhi. However, in other metro cities, petrol and diesel prices were left unchanged as per the report. According to the sources, petrol prices in Delhi were cut by 6 paise while diesel price cut 12 paise. These petrol and diesel rates come into effects from 6 am on Thursday. The price remains the same from last three days like Kolkata, Mumbai, and Chennai.
Local Petrol and diesel prices are unlikely to cool off by a wide margin anytime soon, said analysts. In fact, soaring crude oil prices will have an immediate effect on India’s current deficit, which rating and analysts. In fact, soaring crude oil prices will have an immediate effect on India’s current account, which rating and analytics company CRISIl expects would expand to 2.6 percent of the GDP or gross domestic product on fiscal 2019 from 1.9 percent in fiscal 2018 and 0.7 percent in fiscal 2017.
On the other side, Narendra Modi government said that they were looking or both ‘long-term’ and ‘short-term’ solution to cushion the people against rising fuel prices. BJP ministers Davendra Fadnavis and Nitin Gadkari minister Dharmendra Pradhan shared their opinion in favor of being petrol and diesel under the ambit of Goods and Service Tax (GST)