Why is the government not cutting petrol and diesel prices?

Petrol and diesel prices have reached lifetime highs in India. Yet, the government is not stepping in to ease consumers' pain. Can it cut prices? We explain.

Video: The Quint
Audio: Big Bang Fuzz

[rocksand]

Show our bhakt card at petrol pump get it in rs38/-

[arindambarthakur]

Coz presently we r being ruled by 2 baniyas.

[Catdoghen]

This government Rob's people money and don't feel ashamed of it. 😒

[surajssubramanian]

People should punish the BJP in future elections. Prices have multiplied drastically (pulses vegetables fuel train fares etc). 130 crore people are suffering

[ajeetalbert]

How come brazil is effectively using ethanol based fuel but India can't do it?

[byt]

*Is India an exception to have cheap fuel?* "..World oil prices have spiked by nearly 20% in 2018,  and are up more than 40% over the past 12 months.  Brent crude, the global benchmark, crossed $80 per barrel on Thursday, while US crude futures hit $71.60 per barrel early Friday, their highest level since 2014...."

[Xyz.hshdos]

If petrol comes under GST then its price in Delhi becomes 45rs if the GST is

[pradeeprai]

Petrol 100 rupees ho jaye. I m gonna vote bjp. I knw this money will be deployed at right place.

[amit]

The Congress which ruled for the last many decades created a fiscal deficit of 4.5% of GDP as of 2012-2013 one of the highest the any country has ever seen .

*No media will tell you that the current government has brought the fiscal deficit down to 3.9% as of this date*

I expected this from The Quint .
Please for heaven's sake show true things.
Though it is true that oil prices are rising due to many national and international policies .
It is not good to corner BJP for everything that is happening around you.

[小龙的梦]

most of bjp supports don't need petrol

[mehboobpathanjr.]

Jitna congress ne 70 yrs mein loota utna modi-shah ne 4 saal mein kardikhaya to Hua hai

[coindealer]

Are they building more infrastructures after 2014 ? Rather than building the posh bjp office in delhi.?

[purnenduk]

You missed to mention the loans that the govt had to clear which were accumulating.

[kalyanichaitu]

Waiting for Crude Oil to cross $120 so we Indians can enjoy Acche Din

[shailesh]

I'm not a fan of BJP led government but if we people will read some news, then we will see that there are many substantial changes going on in the corporate sector, the recent acquisition of Bhushan steel by Tata is such other example of the major change about 34, 500 crores approx has been returned of banks which was earlier determined as NPA slowly and steadily the picture is changing, the only thing is it's still in such stage that we are not being able to experience it today but it will benefit all of us as corporate sector is directly proportional to employment, spending power and growth of an economy
PS:- The view expressed are my personal views please avoid hate speech and regarding economics I'm a company secretary in one of the big 4s

[sahil]

First time a positive unbiased view from the quint....

[jamalnasir]

Matlab government is responsible for price hike #shame

[rajangupta]

why you dont explain the reason that the excise duty was not slashed?? half information the trademark of QUINT

[avinashbhat]

I see a bunch of illiterates commenting here.
Go study economics.

Government is reducing its dues the country made with other countries.. recently Iran declared that 80k odd crores being fully paid by India.
It's just coz you have paid extra money in terms of tax to the country.
I back present government at this stage.
I will look upto atleast till 2024 to judge the government.
Nothing comes easily.( I mean the development)

[surbhitjain]

Most informative Indian YouTube channel, still just 408k subs, shame on people who subscribe BB AND AMIT and not QUINT