From the last two months, there were Assembly Elections 2021 being conducted in various states and union territories of India, and during that time, the prices of Petrol and Diesel were stable and low, but just after the results for these Assembly Elections 2021, a hike in the prices of Petrol and Diesel has been witnessed.
A hike of 15-20 Paise has been witnessed in the price of Petrol and Diesel on Tuesday morning. From 27th February 2021, the prices of Petrol and Diesel have increased by 27 paise and 17 paise respectively.
Moreover, from the past 2 months, the prices of crude oil have considerably shown a hike, but the prices of Petrol and Diesel remained constant, and the prices of petrol and diesel even showed a fall when the price of crude oil reduced.
While the increasing prices of Petrol and Diesel have called for demand for these being included in the GST. An estimation states that the prices of Petrol and Diesel will reduce up to 75 Rs. /liter, after these being included in the GST. And to this, Nirmala Sitharaman has stated that she is ready to consider discussing the matter in the GST Council.