Crude Oil Prices Drop 32.5%, BJP Fuel Price Hike Persists – Election States to Reject Modi’s Policies!

Have you noticed the recent drop in crude oil prices? The cost has decreased by a whopping 32.5%, yet the BJP’s Fuel Loot saga continues to plague the nation. As election season approaches, many are determined to defeat the BJP and put an end to the Modi-induced price rise that has been hitting our wallets hard.

Let’s take a trip down memory lane to May 16, 2014, in Delhi. Back then, a barrel of crude oil was priced at $107.49. At that time, petrol was selling at ₹71.51 per liter, while diesel was priced at ₹57.28. Fast forward to September 16, 2024, and the scenario has changed dramatically. Crude oil prices have fallen, but the benefits don’t seem to be trickling down to the consumers.

Mallikarjun Kharge’s tweet sheds light on the stark reality of the situation. The disparity between the price of crude oil and the cost of petrol and diesel raises questions about where the savings are going. Despite the decrease in global oil prices, consumers are still feeling the pinch at the pump. It’s no wonder that people are fed up with the BJP’s handling of fuel prices.

As we gear up for the upcoming elections, it’s essential to consider the impact of fuel prices on the average citizen. Rising fuel costs can have a ripple effect on the economy, affecting everything from transportation to food prices. It’s a burden that many are no longer willing to bear, especially when the root cause seems to be political mismanagement.

The call to reject the Modi-induced price rise is growing louder, with many hoping for a change in leadership that will prioritize the needs of the people over political gains. The promise of cheaper fuel prices seems like a distant memory, overshadowed by the harsh reality of the present situation.

In the midst of all the political rhetoric and promises, it’s crucial to remember the everyday struggles of the common man. Rising fuel prices can push families to their breaking point, making it harder to make ends meet. It’s a reminder that behind every statistic and policy decision, there are real people who are directly impacted.

So, as we look towards the future and the upcoming elections, let’s keep in mind the importance of addressing the issue of fuel prices. The reduction in crude oil costs should translate into savings for the average consumer, not be used as a means of political leverage. It’s time to put an end to the fuel loot and ensure that the benefits of lower oil prices are passed on to those who need it the most.

Crude Oil Prices have reduced by 32.5%, yet BJP’s Fuel Loot continues!

Election going states shall defeat BJP & reject this Modi-induced Price Rise!

On May 16, 2014 (Delhi) –

Crude per barrel was $107.49
Petrol – ₹71.51
Diesel – ₹57.28

On Sept 16, 2024 –

Crude per… pic.twitter.com/auCMuzlaAK

— Mallikarjun Kharge (@kharge) September 16, 2024

How have Crude Oil Prices impacted the BJP’s Fuel Loot?

The recent reduction in crude oil prices by 32.5% has brought about a significant change in the fuel prices in India. This decrease in crude oil prices should ideally result in lower fuel prices for consumers. However, despite this reduction, the BJP government’s fuel loot continues unabated. Let’s delve deeper into how this discrepancy has come about and how it is affecting the citizens of India.

What were the Crude Oil Prices in 2014 and 2024?

Back in May 2014, when the BJP government came into power, the price of crude oil per barrel was $107.49. At that time, petrol was priced at ₹71.51 per liter, while diesel was ₹57.28 per liter. Fast forward to September 2024, and the scenario has changed drastically. The crude oil prices have reduced by 32.5%, yet the prices of petrol and diesel have not seen a corresponding decrease.

Why are the Fuel Prices not Reflecting the Decrease in Crude Oil Prices?

One of the primary reasons for the discrepancy between crude oil prices and fuel prices lies in the heavy taxes imposed by the government on petrol and diesel. The central government levies excise duty, while state governments impose Value Added Tax (VAT) on fuel. These taxes make up a significant portion of the final price that consumers pay at the pump. Despite the reduction in crude oil prices, the government has been reluctant to reduce these taxes, resulting in inflated fuel prices for the common man.

According to a report by Financial Express, the central government has increased excise duty on petrol by ₹23.78 per liter and on diesel by ₹28.37 per liter since 2014. This increase in taxes has offset any benefits that could have been passed on to consumers due to the reduction in crude oil prices.

How is the BJP’s Fuel Loot Affecting the Common Man?

The continuous increase in fuel prices despite the reduction in crude oil prices has put a significant strain on the pockets of the common man. The rising fuel prices have a cascading effect on the prices of essential commodities, transportation costs, and overall inflation. This burden falls disproportionately on the middle and lower-income groups, who have to bear the brunt of the government’s fuel loot.

A study by Live Mint highlights that the increase in fuel prices has led to a rise in transportation costs, impacting the prices of goods and services across the board. This inflationary pressure further exacerbates the financial woes of the common man, making it challenging to make ends meet.

How can the Election Going States Make a Difference?

With several states heading into elections in the coming months, the citizens have the power to make their voices heard through their votes. By rejecting the BJP’s fuel loot and electing representatives who prioritize the welfare of the people, the election-going states can send a strong message to the government. It is essential for the voters to choose candidates who advocate for fair fuel prices and transparent policies that benefit the masses.

An article by The Hindu emphasizes the significance of electoral accountability in shaping government policies. The power lies in the hands of the people to hold their representatives accountable for their actions and demand a change in the status quo. By voting wisely and decisively, the election-going states can pave the way for a more equitable and just society.

In conclusion, the reduction in crude oil prices by 32.5% should have translated into lower fuel prices for the consumers. However, the BJP government’s fuel loot continues to burden the common man with inflated prices. It is crucial for the citizens to exercise their democratic right and vote for change in the upcoming elections. By rejecting the Modi-induced price rise and demanding accountability from their representatives, the election-going states can pave the way for a fairer and more just society for all.