New Delhi: Petrol and diesel prices have reached their highest level in the last two years. This has led to general dissatisfaction with the high prices. But these two fuel prices have now left the government in a quandary. The situation is such that if the government reduces taxes and provides petrol and diesel to the people at lower prices, it will affect revenue. Failure to pay taxes will make petrol and diesel prices even more expensive as crude oil prices rise day by day. This will increase the country’s inflation. ସରକାର The government may fall into abeyance as both decisions are to be fatal to the economy. Business has been severely affected since the beginning of the current financial year due to the corona epidemic. As a result, the government’s revenue collection has declined. At the same time, crude oil prices fell sharply in the international market. This was in the interest of the government as India imported more than 70 per cent of the country’s total demand for petroleum products. Taking advantage of this, the central government has increased tariffs on petrol and diesel. Later, some states also increased VAT on petrol and diesel. As a result, the government took the opportunity to buy petrol and diesel at lower prices due to the reduction in crude oil prices in the international market. It has been a while but crude oil prices have started to rise in the international market. Crude oil prices have risen to more than $ 50 a barrel. Petrol and diesel prices have risen sharply in recent days as a result of rising crude oil prices. “The government’s financial stability and inflation for petrol and diesel are such that the government will have to lose something to get one,” Barclays said in a statement.
