New Delhi: With the rising oil prices and the depreciating rupee, the prices of petrol and diesel have hit new highs and rose for the tenth consecutive day on Tuesday. In the national capital, the petrol was sold at Rs 79.31 per litre, up from Rs 79.15 on Monday. The diesel price in the national capital hiked by Rs 0.39 per litre and was sold at Rs 71.34 per litre on Tuesday.
In Kolkata, Chennai and Mumbai, the petrol was priced at Rs 82.22, Rs 82.41 and Rs 86.72 per litre, respectively, all a new record, against Rs 82.06, Rs 82.24, Rs 86.56 on Monday. The diesel prices in Kolkata, Chennai and Mumbai on Tuesday were Rs 74.19, Rs 75.39, Rs 75.74 respectively as against Rs 74.00, Rs 75.19, Rs 74.54 respectively on Monday.
The rising crude oil prices and the high rate of excise duty in the country have largely influenced the surge in the fuel prices. There may be variations in the fuel prices from state to state due to local levies.
Addressing a press conference on Monday, the Chief Minister Chandrababu Naidu said that in addition to petrol prices, the rupee value would also touch Rs 100 against one US dollar.
In the wake of the Reserve Bank of India’s (RBI) report on demonetisation, Naidu said the Centre was unable to “properly manage demonetisation.”
“What have we achieved from demonetisation? We are seeing the condition of banks today. Big notes should be abolished. What is the need for having Rs 2000 note? The Modi government could not properly manage demonetisation. I have no problem if digital currency comes fully into existence, but there needs to be proper balancing between digital and physical currency,” he said.
Furthermore, Naidu said cash shortage was still prevalent in many parts of the country, adding that the recent growth in India’s Gross Domestic Product (GDP) was a result of the “basic strength” of people, and “not due to NDA’s achievements.”
“(Prime Minister) Modi is not disciplined, it is inability. Even today, cash shortage is prevailing in ATMs. Nation’s growth rate came down after NDA came into power. If the Centre is disciplined, why is corruption taking place? Why are banks getting insolvent? Modi is not eligible to speak about sincerity, truthfulness, and discipline,” he noted.
With regards to schemes and measures implemented during his tenure as Chief Minister, Naidu said that efforts were channelised towards increasing the earthen water table.”Our efforts are tuning fruitful. This year almost 2000 TMC of Godavari water flew into the sea. Projects on Krishna river – Srirsailam and Nagarjuna Sagar – are fully filled up. 12 projects are ready for inauguration in September. We will inaugurate three projects in October and one in November. As of now, we have spent Rs 58,024 crore for irrigation projects, mostly in Rayalaseema and North Coastal regions,” he added.
(With ANI Inputs)