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The Second Fuel Shock! The Second Fuel Price Hike! Petrol Prices in Mumbai and Kolkata way past the 100-rupee mark! Should the Government cut Fuel Taxes? Or are you already cutting your Daily Budget? Follow for the latest economic updates!

Just when you thought it couldn’t get worse, it did!

We just got hit with another sudden fuel price hike!

That is two major shocks in less than a week!

Following the massive ₹3 spike on May 15 -

Oil companies just raised prices again by another 90 paise per litre!

That is a staggering ₹3.90 jump in just five days -

pushing metros like Mumbai and Kolkata way past the 100-rupee mark!

Why the sudden double-whammy?

Geopolitical tensions in West Asia have triggered a massive energy crisis -

Blocking key shipping routes like the Strait of Hormuz.

Combine that with the end of US waivers on Russian oil -

and global crude has completely exploded!

And it is a domino effect.

CNG just went up too!

Import duties on gold and silver were hiked to 15% -

and transportation costs are soaring!

Expect your daily groceries and dairy bills to climb next.

With inflation tightening its grip -

Should the government cut fuel taxes?

Or are you already cutting your daily budget?

Let us know your thoughts in your comments and replies.

Follow for the latest economic updates!

#inflation #CrudeOilPrices #petrol #Diesel #CrudeOil #OilPrices #PetrolPrice #dieselpirce #OilPriceHike #USIranTension #IsraelIranConflict #WestAsia #HormuzStrait

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Information is for general awareness only and does not constitute financial, legal, investment or medical/health advice.

Rates, figures and situations are subject to change — always verify independently.

Consult a qualified financial advisor before making investment decisions, a legal professional for legal matters, and a certified medical professional before making any health-related decisions.

Should the government cut fuel taxes? Or are you already cutting your daily budget?

👇 Let us know your thoughts in your comments and replies. 👇

👍Follow for the latest economic updates! 👍

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Transcript
00:02Just when you thought it couldn't get worse, it did
00:04We just got hit with another sudden fuel price hike
00:08That is two major shocks in less than a week
00:10Following the massive Rs.3 spike on May 15
00:14Oil companies just raised prices again by another Rs.90 per litre
00:18That is a staggering Rs.3.90 jump in just 5 days
00:23Pushing metros like Mumbai and Kolkata way past the Rs.100 mark
00:26Why the sudden double whammy?
00:29Geopolitical tensions in West Asia have triggered a massive energy crisis
00:33Blocking key shipping routes like the Strait of Hormuz
00:36Combine that with the end of US waivers on Russian oil
00:38And global crude has completely exploded
00:42And it is a domino effect
00:44CNG just went up too
00:45Import duties on gold and silver were hiked to 15%
00:49And transportation costs are soaring
00:52Expect your daily groceries and dairy bills to climb next
00:55Did inflation tighten its grip?
00:57Should the government cut fuel taxes?
00:59Or are you already cutting your daily budget?
01:02Let us know your thoughts in the comments and replies
01:04Follow for the latest economic updates
Comments
Anmol Gyani
Creator
Should the government cut fuel taxes? Or are you already cutting your daily budget? 👇 Let us know your thoughts in your comments and replies. 👇👍Follow for the latest economic updates! 👍

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