Urmila Matondkar takes sarcastic dig at the rising fuel prices

In wake of rising prices of fuel, actor-turned-politician Urmila Matondkar on Thursday took a sarcastic dig over hike in petrol prices. After Rajasthan, petrol price on Thursday crossed Rs 100 per litre mark in Mhya Presh after fuel rates were increased for tenth day in a row.

Altering some words of an old rhyme, Urmila used poem ''Akk bakk bambey bo" to comment on issue.

Meanwhile, Union Petroleum Minister Dharmendra Prhan on Wednesday urged Saudi Arabia and or global oil producers to ease production cuts, saying rising international oil prices are "hurting ecomic recovery and demand." Demand recovery should take "primacy" over oil prices at least for next few months, Dharmendra Prhan said.

" rising crude oil prices during last few weeks is hurting fragile global ecomic recovery due to significant demand contraction, which might even mirror impact of COVID-19 in its initial sts," Prhan said at 11th IEA IEF OPEC Symposium on Energy Outlooks.

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Rising fuel prices

While opposition has been up in arms over continuous increase in fuel prices, Union government has t anunced a reduction in excise duty so far. In a startling development, petrol price in Sri Ganganagar district of Rajasthan has crossed Rs.100 per litre. rise in India's Crude Oil Basket from an aver of 40.7 dollars per barrel in October 2020 to 62.64 dollars per barrel in February 2021 is considered a key factor for current situation. At same time, it is also owing to fact that both Centre and many states have increased ir taxes on petrol and diesel. Deflecting criticism on Tuesday, Union Transport Minister Nitin Gkari vocated that it was time to switch to "alternative fuel". 

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