'Petrol must be Rs 40 max': Subramanian Swamy slams Modi Govt over rising price of fuel

'Petrol must be Rs 40 max': Subramanian Swamy slams Modi Govt over rising price of fuel

subramanian swamy subramanian swamy

NEW DELHI: Moments after the petrol price in Mumbai breached the Rs 90 mark on December 6, Rajya Sabha MP Subramanian Swamy slammed the Prime Minister Narendra Modi-led government and called this 'a monumental exploitation' by the Government of India.

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"Petrol price at Rs 90 per litre is a monumental exploitation by GoI of the people of India. The price ex-refinery of petrol is Rs. 30/litre. All kinds of taxes and Petrol pump commission add up the remainder Rs.60. In my view petrol must sell at max. Rs. 40 per litre," Subramanian Swamy wrote on Twitter, slamming the Government.

On Monday morning, petrol was priced at Rs 90.34 per litre in the financial capital, while the diesel stood at Rs 80.47 per litre. This is the first time that the price of petrol breached Rs 90 mark in Mumbai after 2018.

On October 4, 2018, the price of petrol had risen to Rs 91.34 per litre.

According to experts, prices may go up further amid the bounce in international crude oil prices.

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In some of the smaller cities, prices of petrol have already overshot the Rs 90 mark. In small cities like Bhopal (Rs 91.50 per litre), Aurangabad (Rs 91.57 per litre) and Indore (Rs 91.58 per litre), prices of the commodity have surged in the past week.

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