India Wakes Up to Price Hike In 2020

by GoNews Desk 7 months ago Views 945
India Wakes Up to Price Hike In 2020
The common man, already grappling with inflation, has been dealt a huge blow in the New Year. From January 1, 2020, rail travel, LPG cylinders and petrol-diesel have become costlier.

The Railways has announced an increase of 1 paise to 4 paise per kilometer (km) in rail fare from January 1. The Railways has increased the fare by 1 paise per km in ordinary non-AC trains, by 2 paise per km in mail and express trains and by 4 paise per km in AC trains. The biggest effect of this increase will be felt by travellers on long-distance journeys.

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Gas companies have increased prices of cooking gas cylinders for the fifth consecutive month and from January 1, they have hiked the cost of non-subsidised gas cylinders by Rs 19. After the hike, in Delhi, the cost of one 14.2 kilos domestic LPG cylinder is now Rs 714. Gas companies have also raised the price of one 19 kilo commercial gas cylinder by Rs 29.50, which will now cost Rs 1,325. 

After rail fare and LPG, let’s talk about petrol and diesel. Prices of petrol and diesel were hiked on Wednesday, the first day of the New Year. On Thursday too, there was an increase in the cost of petrol and diesel. 

Petrol prices in Delhi, Mumbai and Kolkata increased by 13 paise and in Chennai by 14 paise. Diesel prices in Delhi and Kolkata saw an increase of 16 paise and in Mumbai and Chennai it rose by 17 paise. After this increase, one-litre petrol costs Rs 75.31 and one-litre diesel costs Rs 68.16 in Delhi.

Meanwhile, criticising this hike, opposition parties have raised questions over the government’s decision. While CPI (M) leader Sitaram Yechury termed this increase in prices a New Year’s gift by the Modi government, national president of the Mahila Congress Sushmita Dev called it injustice towards the poor of the country.

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