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Citizens see red over hike in petrol, diesel prices
Giving jolt to the middle class, Finance Minister Nirmala Sitharaman raised taxes on the fuel in the budget for 2019-20 on Friday.
Hyderabad: Giving jolt to the middle class, Finance Minister Nirmala Sitharaman raised taxes on the fuel in the budget for 2019-20 on Friday. Petrol price will be hiked by over `2.5 per litre and diesel by more than `2.3. On Friday, a litre of petrol cost `74.88 in Hyderabad. The Hans India spoke to people across the city to see the reaction to the announced budget.
Soon after the Finance Minister proposed to increase Special Additional Excise Duty (SAED), as well as Road and Infrastructure Cess by Rs 1 per litre each on automobile fuels, social media was flooded with memes and tweets.
Pratap, a commuter at HP petrol pump in Jeedimetla village, said, "We have no choice. It is going to have a cascading effect. Prices of all commodities would increase. Even a few rupees per liter are a big saving."
