The price of diesel in Chandigarh has been a hot topic of discussion among the residents of the city for the past few months. Due to various factors such as hikes in excise duty by the government, heavy rains causing a shortage and an increase in demand, the diesel prices have been fluctuating quite rapidly. In this article, we will discuss the latest updates on the diesel prices in Chandigarh and what the future holds for the residents.
Fuel Prices Rise Again in Chandigarh
In a move that has left many people disappointed, the fuel prices in Chandigarh have gone up once again. As of June 2021, diesel prices have increased to Rs. 92.57 per litre, which is a new high for the city. The petrol prices have also witnessed a significant hike, with the rates standing at Rs. 87.34 per litre.
Diesel Prices Reach New High in City
The diesel prices in Chandigarh have reached a new high, with rates standing at Rs. 92.57 per litre. This hike in prices has been attributed to the increase in demand for diesel, especially by the transport sector. The rise in fuel prices has also had a cascading effect on the prices of other commodities, as transportation costs have gone up significantly.
Chandigarh Diesel Rates Surpass National Average
The diesel rates in Chandigarh have surpassed the national average, with prices being higher in the city as compared to other parts of the country. The high prices have been attributed to the increase in excise duty by the government, which has led to a steep increase in the prices of both petrol and diesel.
Government Hikes Excise Duty on Diesel
The government has hiked the excise duty on diesel in a move that has been met with opposition from various quarters. The increase in duty has been attributed to the need to generate revenue for the government, which has been hit hard by the pandemic. The rise in excise duty has led to a significant increase in the prices of diesel in Chandigarh.
Heavy Rains Cause Shortage, Diesel Prices Soar
Heavy rains in Chandigarh and surrounding areas have led to a shortage of diesel, which has caused prices to soar. The shortage has been attributed to the fact that most of the diesel is transported to the city through tankers, which have been unable to reach the city due to the rains.
Petrol and Diesel Prices See Biggest Hike in Months
Chandigarh witnessed the biggest hike in petrol and diesel prices in months, with rates going up significantly. The increase in prices has been attributed to the rise in crude oil prices globally and the increase in excise duty by the government.
Chandigarh Diesel Prices Remain Steady for a Week
After witnessing a series of hikes in prices, the diesel prices in Chandigarh remained steady for a week in July 2021. This came as a relief to the residents, who had been facing the brunt of the steep increase in prices.
State Government to Cut VAT on Diesel?
There are reports that the state government is considering cutting the VAT on diesel in a move that is aimed at providing relief to the residents. The move, if implemented, is expected to bring down the prices of diesel significantly.
Diesel Prices Likely to Rise Further in Chandigarh
Experts have predicted that the diesel prices in Chandigarh are likely to rise further in the coming months. This has been attributed to the rise in crude oil prices globally and the increase in demand for diesel.
Demand for Diesel Up, Prices Follow Suit
The demand for diesel has gone up significantly in Chandigarh, especially in the transport sector. This increase in demand has led to a rise in prices, as the demand-supply equation has been disrupted. The rising prices have had a negative impact on the economy, as transportation costs have gone up, leading to an increase in the prices of other commodities.
Expert Opinion: What’s Next for Chandigarh Diesel Prices?
Experts believe that the diesel prices in Chandigarh are likely to remain high in the near future. This has been attributed to the rise in crude oil prices globally, the increase in excise duty by the government, and the increase in demand for diesel. The only way to bring down the prices is to cut the taxes on diesel, which is something that the government is yet to announce.
The rise in diesel prices in Chandigarh has had a significant impact on the residents of the city. With transportation costs going up, the prices of other commodities have also witnessed a steep increase. While the government is yet to announce any measures to bring down the prices, experts believe that the prices are likely to remain high in the near future. It remains to be seen what steps the government takes to provide relief to the residents of Chandigarh.