Is Petrol and Diesel increasing by Rs. 5 per liter?
As the use of petroleum products in india has increased by 5.3 percent, it is said that petrol and diesel prices are likely to increase. Market experts have said that petrol prices are likely to increase by ₹2 to ₹4 per liter in the coming months. Similarly, they have said that diesel prices are likely to increase by ₹3 to ₹5 per liter. Recently, crude oil prices have started rising again in the international market. This has also had an impact, and although the government is trying to control the price situation, it generally causes additional costs for consumers.
Diesel price hikes will increase the cost of fertilizers and agricultural machinery. Also, the cost of truck transportation is likely to increase, which will increase the cost of food items entering the market. When food products are brought from farming towns to cities, the price of trucks will increase due to the increase in diesel prices. Tractors, tractors, and irrigation used in agriculture run on diesel. The price hike will increase the cost of crop cultivation. fruits and vegetables will be transported from the cold forests to big cities. Since the cold vehicles also run on diesel, the price will increase. As a result, the prices of all major food items including rice, pulses, vegetables, fruits, milk, fish, and meat are likely to increase by 5% to 12%.
Although the 5.37% increase in India's petroleum consumption is a sign of the country's progress in the development path, the resulting price hikes can create challenges in people's lives. The increase in fuel prices and the subsequent increase in food prices will affect low-income people. The government should take immediate relief measures to deal with this. At the same time, it is necessary for the public to plan their expenses in a balanced manner and make small changes in their lifestyle.