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Fuel prices set to touch all-time high | Times of India

RANCHI: Fuel prices in the state are set to touch an all-time high and a hike in prices of all other commodities as a cascading effect is bound to follow soon with the Union petroleum ministry hinting at an increase of Rs 4 per litre on existing petrol and diesel prices.

Petrol and diesel prices in the city were Rs 75.76 and Rs 70.83 on Thursday. In 2013, when the fuel prices had seen a similar spike, the price of petrol had breached the Rs 76 mark.

Petroleum dealers and traders here believed that a hike of Rs 4 would have a major impact. Congressman Shashi Bhushan Rai said the move has “exposed BJP”. “When Narendra Modi came to power, petrol and diesel prices are one of the key issues on which Congress was cornered but during the past five years, petrol prices in Ranchi have gone up by Rs 13.27 whereas the increase in diesel prices is Rs 18.92 per litre. The Union petroleum ministry has now hinted at Rs 4 hike on petrol and diesel prices. In the last four days, we have seen a price rise of Re 1 per litre,” he said.

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Fuel prices set to touch all-time high | Ranchi News – Times of India.

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