Mumbai, Sept 14: Petrol and diesel prices were up yet again on Thursday, September 14, after a marginal fall on Wednesday. With dynamic pricing in place, petrol prices rose by Rs 0.04 on Thursday, taking the cost in Mumbai to Rs 79.5 per litre, just a little below Rs 80. In Delhi, the petrol price went up to Rs 70.39 per litre from Wednesday’s Rs 70.35. Even as the Centre has refused to interfere in fuel pricing, Bharatiya Janata Party MP Subramanian Swamy has said the government must bring down the fuel costs.
Speaking to TV channel Time Now, Swamy urged Prime Minister Narendra Modi to reduce the fuel prices. Swamy said that people were being affected by constant rise in fuel prices and the Prime Minister must step in to bring the petrol, diesel prices down. He also added that he was willing to help the government in chalking out a strategy for bringing down the fuel price.
Swamy’s comments came even as Petroleum Minister Dharmendra Pradhan on Wednesday said that the Union Government cannot change fuel prices on a knee-jerk basis. Fuel prices have been on the rise in the past two months and have reached a three-year high.
“The government will not interfere in the day-to-day functioning of the OMCs… for the last three years, the pricing mechanism has been linked to the market,” Pradhan said adding the global crude price was high, which also affected prices in India.
“GST is the only way to have a rational price mechanism for petroleum products…the industry has been demanding it and finance minister Arun Jaitley (who heads the GST Council) is very interested to have it,” Pradhan said, pointing to the substantial difference in prices between Delhi and Mumbai, for instance, on account of local taxes.
Dynamic pricing of petrol and diesel prices came into effect on June 16. While the prices went down in the first fortnight, there was a constant rise starting July 1. The petrol and diesel prices did fall again on September 13, but rose again today.