{"id":136591,"date":"2021-12-10T17:33:43","date_gmt":"2021-12-10T12:03:43","guid":{"rendered":"https:\/\/www.caravanalive.com\/?p=136591"},"modified":"2022-04-06T17:09:56","modified_gmt":"2022-04-06T11:39:56","slug":"fuel-price-hikes-should-it-go-on-unchecked","status":"publish","type":"post","link":"https:\/\/www.caravanalive.com\/?p=136591","title":{"rendered":"Fuel Price Hikes, Should It Go On Unchecked??"},"content":{"rendered":"<div class=\"2a6a8c3593e6620bd92d71f585bdd19b\" data-index=\"4\" style=\"float: none; margin:10px 0 10px 0; text-align:center;\">\n<script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6453632170035383\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- NEW RESPONSIVE -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6453632170035383\"\r\n     data-ad-slot=\"2960496911\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\n<\/div>\n\n<p>Opposition parties such as Congress, CPM etc are organizing rallies all over the country against unprecedented rise in the prices of petrol and diesel. In fact&nbsp; the prices have reached such a stage that it has become a talking point even in the rural tea stalls.. The hike is pinching people more at a time when the economy has opened up after being dead for over one and half years during the pandemic.<\/p>\n\n\n\n<p>After the seventh hike, the petrol price stands at \u20b9110\/- per litter in Delhi now and the current price of a litre of Diseal is \u20b998\/- in Delhi. It must be taken into consideration that the recent festival season has also contributed substantially to the heightening of economic activities.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"639\" height=\"496\" src=\"https:\/\/www.caravanalive.com\/wp-content\/uploads\/2021\/12\/Screenshot_2021-12-05_111014-1.jpg\" alt=\"\" class=\"wp-image-136593\" srcset=\"https:\/\/www.caravanalive.com\/wp-content\/uploads\/2021\/12\/Screenshot_2021-12-05_111014-1.jpg 639w, https:\/\/www.caravanalive.com\/wp-content\/uploads\/2021\/12\/Screenshot_2021-12-05_111014-1-300x233.jpg 300w\" sizes=\"auto, (max-width: 639px) 100vw, 639px\" \/><\/figure>\n\n\n\n<p><strong>Government&#8217;s Justification For\u00a0Hiking The Prices<\/strong><\/p>\n\n\n\n<p>Government needs huge fund to finance its welfare activities such as its primacy\u00a0 policy of providing free vaccination to the people. Undoubtedly the govt has to shell out a huge resources for this programme. And it is to be accepted that such a free programme has come as a boon to almost 60% people. <\/p>\n\n\n\n<p>Government also had no other alternative but to go for a free vaccination programme in order to contain the spread of the deadly virus.<br>Second, the government has launched a free rationing policy for the poor people where also\u00a0 substantial fund Is needed. Therefore, the revenues being generated from the hiked oil prices are being utilized by the govt. This apart, government also has come under a huge spending obligation for the defense needs.<\/p>\n\n\n\n<p>Thus government Justifies charging almost half the price of fuel as tax. Judging the current production policies of the 5 oil producing countries such as\u00a0 UAE, ,KUWAIT, RUSSIA, IRAQ, and SAUDI ARABIA, the prices are unlikely to come down in the near future.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/www.caravanalive.com\/wp-content\/uploads\/2021\/12\/910165-910064-petrol-1024x576.jpg\" alt=\"\" class=\"wp-image-136842\" srcset=\"https:\/\/www.caravanalive.com\/wp-content\/uploads\/2021\/12\/910165-910064-petrol-1024x576.jpg 1024w, https:\/\/www.caravanalive.com\/wp-content\/uploads\/2021\/12\/910165-910064-petrol-300x169.jpg 300w, https:\/\/www.caravanalive.com\/wp-content\/uploads\/2021\/12\/910165-910064-petrol-768x432.jpg 768w, https:\/\/www.caravanalive.com\/wp-content\/uploads\/2021\/12\/910165-910064-petrol.jpg 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>Why is India paying higher on crude oil?<\/strong><\/p>\n\n\n\n<p>The crude oil producers have cut down the production. India is urging to boost the production and meet the demand. Therefore, it is clear that the supply is less than the demand, there by keeping the price at a higher level.<\/p>\n\n\n\n<p>Again the crude oil producers charge a higher price from India than from the USA and European countries .India has diversified its procurement policy. Instead of Saudi Arabia and  other OPEC countries, India is focusing on procuring crude oil from Latin America and African countries. But in response to this diversification, Saudi Arabia has reacted negatively by hiking the shipping cost of crude.<\/p>\n\n\n\n<p><strong>Conclusion<\/strong><\/p>\n\n\n\n<p>Any hike in oil price invariably increases the prices of essential commodities. Hence, today\u00a0 or tomorrow govt has to think about a way of putting a stop to the relentless hike of oil prices. Because most importantly it affects the common people.\u00a0 Instead of depending only on \u00b9oil prices for collecting a major chunk of revenue, the time has come for the govt to think about diversified sources of taxing. Again it is also necessary to have a relook at the popular welfare schemes. The Govt comes out with various welfare schemes for the poor, but why\u00a0for the poorest of the poor.<\/p>\n\n<div style=\"font-size: 0px; height: 0px; line-height: 0px; margin: 0; padding: 0; clear: both;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Opposition parties such as Congress, CPM etc are organizing rallies all over the country against unprecedented rise in the prices of petrol and diesel. In fact&nbsp; the prices have reached such a stage that it has become a talking point even in the rural tea stalls.. The hike is pinching people more at a time [&hellip;]<\/p>\n","protected":false},"author":26,"featured_media":136843,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[{"category_id":36,"category_link":"https:\/\/www.caravanalive.com\/?cat=36","category_name":"Article"},{"category_id":156,"category_link":"https:\/\/www.caravanalive.com\/?cat=156","category_name":"India"},{"category_id":137,"category_link":"https:\/\/www.caravanalive.com\/?cat=137","category_name":"News"}],"tags":null,"class_list":["post-136591","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-article","category-india","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Fuel Price Hikes, Should It Go On Unchecked?? - Alive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.caravanalive.com\/?p=136591\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fuel Price Hikes, Should It Go On Unchecked?? - Alive\" \/>\n<meta property=\"og:description\" content=\"Opposition parties such as Congress, CPM etc are organizing rallies all over the country against unprecedented rise in the prices of petrol and diesel. 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