new Delhi. Even though there is no change in the price of petrol and diesel for four consecutive days, but the price of petrol and diesel has increased by more than Rs 2.50 per liter a month before the budget day. From mid-2017, the Modi government had made provision for daily changes in the price of petrol and diesel. Since then, the government will present the fifth budget in 2021 (including the interim budget of the government in 2019), during which there has been only one such occasion, when the prices of petrol and diesel were reduced in the month before the budget. That month was June 2019. Then there was the atmosphere of Lok Sabha elections in the country. Oil companies were cutting the price of petrol and diesel. Let us also tell you that since the price of petrol and diesel has changed daily, since then, before the budget of the year, petrol and diesel have become expensive and cheap.
Petrol and diesel are expensive before February budget
The special thing is that out of the budget of 2021, four of the five budgets were presented on February 1. In the month before these four budgets, the same thing is visible and that is the increase in the price of petrol and diesel. Petrol and diesel became cheaper just before the July budget of 2019. There was a drop of Rs 0.72 per liter in petrol and a reduction in the price of diesel by Rs 1.23 per liter. While the rest of the budgets, the price of petrol and diesel has increased by two to four rupees per liter in the first month.
In which year how many prices
First thing of the month before the 2018 budget, the price of petrol in the capital of Delhi was increased by Rs 2.98 per liter, while the price of diesel was seen at Rs 4.41 per liter. Ever since the rule of change has started every day, this is the biggest boom in the month before the budget. Diesel became costlier by Rs 2.72 and petrol by Rs 2.05 per liter before the interim budget of 2019. Diesel became costlier by Rs 2.89 and Rs 2.74 per liter in 2020. At the same time, petrol has become expensive by Rs 2.59 and diesel by Rs 2.61 per liter before the current year’s budget.
January’s increased inflation
|Diesel price increases (in rupees per liter)
|Petrol price increases (Rs. Per liter)
Price stability of petrol
According to information received from IOCL, the price of petrol in the four metros of the country is showing stability for four consecutive days. Before that the price of petrol was seen increasing at regular intervals. Due to this, the price of petrol in the four metros of Delhi, Kolkata, Mumbai and Chennai has been Rs 86.30, Rs 87.69, Rs 92.86 and Rs 88.82 per liter respectively.
No change in diesel price
According to the information received from IOCL, there has been no change in the price of diesel in the four metros of the country for four consecutive days. The last increase was seen on 27 January. After this, the price of petrol in the national capital Delhi, Kolkata, Mumbai and Chennai has been increased to Rs 76.48, Rs 80.08, Rs 83.30 and Rs 81.71 per liter respectively.
What do you know
When asked about this, Ajay Kedia, director of Kedia Advisory, he said that the month of January is very important for the government. From the first month of the last quarter of the financial year, the government and oil companies start increasing their earnings. Fuel is a major source of income for the government anyway. In such a situation, the price of petrol and diesel is seen increasing in the first month before the budget in the last few years. Which is a coincidence, it has nothing to do with the budget.