NEW DELHI: Fuel prices have risen only 30% during the 7 years of the Narendra Modi government as against 70% in the similar intervals since 1973.
Last week’s excise duty cut was aimed at “giving consumers relief” and a confidence over robust revenue collections as the economy was “firing on all cylinders,” petroleum and urban development minister Hardeep Singh Puri said on Tuesday.
“In 1973, when I was studying in Delhi (university), I had, I think, a Lambretta scooter and petrol cost Rs 1.25 a litre. I calculated the rise in petrol prices at an interval of seven years since then. I found that in the seven years of the Modi government, the price of petrol has increased less than the increase in any previous seven years,” Puri told the Times Now Summit 2021.
