To sustain an able and steady life style, petrol and diesel are somehow most necessarily needed products. According to the recent revisions in the commercial elements, Petrol and Diesel prices are revised every fortnight. With raising dependencies on other commercial aspects respectively.

Moreover, despite the positive expectations from the governance of BJP Govt under Prime Minister Narendra Modi’s everything that has been happening since the inception is just the same but in a sleeper manner.

Of course, there is no doubt in believing that the transportation and processing expenses somehow make it up to higher valued good, the recent alterations in the rate change are quite concerning.

If we get into the details of the happenings, it is clear that price of petrol has been increasing continuously in small amounts and till now, it has increased by Rs. 6/litre and brought the price to Rs. 69.04/litre. This is highest since the second-half of Aug 2014 when the price of petrol was Rs.70.33.

Parallel to this, Diesel has faced the similar fate with a considerable growth in Rs. 3.67/litre, bringing the price to Rs. 57.03/litre in National Capital Delhi and this is the highest price in the last four months.

Let us go through the systematical increase in the price of petrol with every day:

Source: Indian oil

According to the above details in the images, the price of Petrol back on June 16 in Delhi was Rs. 65.48 and on July 2, it was Rs. 63.06; in the same manner, the price of diesel on June 16 was Rs. 54.49 and on July 2, it was Rs. 53.36. But since July 3, the price started increasing.

Though the price has come down by 2-9 paise on few occasions it was never down in the wholesome. The pilot project was run in five cities before replacing the older 15-days price revision with the daily-revision.

After the update on the price of the fuels, a senior executive from the Indian Oil has said, “Previously, everybody felt the pinch when rates would go up by Rs 2 or 3 per litre in one go. Now they are being increased by 1 paisa to 15 paise a litre every day, hikes that have largely gone unnoticed. Many a time, international rates would fall for one week and then rise in the following. So, the net effect of this in the previous price revision policy was status quo or a marginal change in rate.”

The authorities literally played well regarding this, comparing the earlier 15-days revision with the ongoing everyday one, the latter is on the side of government, as people miserably failed to notice the actual price of the fuel earlier and now.

It is pretty clear that if this goes on, people will definitely not notice the ongoing price fluctuations. This issue needs alarming concerns from the higher officials, it would be great if they do something about the same.

Related Article: Petrol And Diesel Rates Will Be Expensive From Today, Know The Reasons Here