By - News Beat
As the new year begins, bad news has come to the public. The government has hiked the prices of petrol and diesel from January 1, 2025, after which citizens across the country will face more pressure on daily expenses.
According to the notification issued by the Ministry of Finance, the price of petrol has been increased by Rs 10 per liter while the price of diesel has been increased by Rs 12 per litre. This increase is due to the increase in oil prices in the international market and the pressure on the domestic economy.
Public reaction to the price hike has been severe. Citizens say that inflation has already made it difficult to live, and now the increase in fuel prices will increase the prices of other commodities as well.
"Every New Year we face new inflation instead of happiness," complained one citizen.
Economists say that the government has no choice but to raise prices as oil prices are rising in the global market and the depreciation of the rupee has worsened the situation. However, experts also say that the government will have to adopt an alternative strategy to provide relief to the people.
With the rise in fuel prices, transport companies have indicated an increase in fares. Common commuters will be more affected by this decision, especially those who depend on public transport for their daily commute.
Government sources say that the decision to increase prices was difficult but necessary to stabilize the country's economy. The government claims that subsidy programs will soon be introduced for the public to reduce the burden of inflation.
The beginning of the new year has brought difficulties for the people. Price hike will affect every sector not only individually but also collectively. The government should take measures to provide relief to the people in this difficult time so that the burden of inflation can be reduced.