Guwahati: Days after Lok Sabha election results were declared, citizens in Guwahati have found themselves grappling with an unexpected and significant hike in petrol and diesel prices, intensifying financial strain for many.
Petrol prices have surged by Rs 1.02 per litre, while diesel prices have also seen a notable rise of Re 1.01. This sudden increase has caught many off guard.
As of today, the price of petrol in Guwahati stands at Rs 97.19 per litre, representing a slight increase from yesterday's rate of Rs 96.17.
As per sources, over the past ten days, petrol prices have fluctuated between Rs 96.13 and Rs 97.19. Similarly, diesel prices have risen to Rs 89.42 per litre, up from yesterday's rate of Es88.41, with prices over the past ten days ranging between Rs 88.38 and Rs 89.42.
Notably, the sudden escalation in fuel costs has sparked strong reactions from the public. This hike comes amidst ongoing economic challenges, further exacerbating financial strain on individuals and businesses alike.
Experts suggest that the hike could be attributed to a variety of factors, including international crude oil prices and domestic policy decisions.
Notably, Indian Indian stocks fell sharply after vote counting in the country's general election indicated Prime Minister Narendra Modi's party might not be able to form a majority government. However, Modi has been elected as the leader of the Bharatiya Janata Party (BJP) led National Democratic Alliance (NDA) which will stake its claim to form the government.
After results were announced, revealing a lesser mandate for the NDA, benchmark NSE Nifty 50 share index closed down nearly 6%, its steepest fall since India's first Covid lockdowns in March 2020.
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