Cong to launch nationwide protest against fuel price hike

K.C. Venugopal, General Secretary (Organisation) said, "The government has raised fuel price continuously for 17 days in a row which caused hardship to the citizens of the country"

Earlier in the day in the CWC meet Congress President said, "The government has added insult to injury by mercilessly raising petrol and diesel prices for 17 consecutive days, at a time when world prices of crude have fallen."

On Tuesday, the oil companies raised the prices of petrol by 20 paise per litre and that of diesel by 55 paise per litre. On Monday, prices were hiked by 33 paise and 58 paise per litre respectively.

Diesel is currently priced at Rs 79.40 a litre in the Capital, just 36 paise short of petrol price that is being retailed at Rs 79.76 a litre. Going by the trend of price movement in the two products for the last few days where diesel prices have consistently increased by 50-60 paise per litre while the daily increase in petrol prices have fallen to just 20 paise on Tuesday, it is set to surpass petrol prices in next few days.

Currently, the Central excise on petrol is Rs 32.98 a litre while that on diesel it is Rs 31.83 a litre. The VAT on petrol in Delhi is Rs 17.71 a litre and that on diesel is Rs 17.60 a litre.