Sunday, May 22, 2022

Opposition walks out of LS to protest against fuel price rise

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  • Fuel prices surged past the Rs 100 per litre mark as petrol price in Delhi reached Rs 103.82 per litre with a hike of 40 paise and diesel price reached Rs 95.07 with a hike of 40 paise
  • The rise in fuel prices comes as crude oil rose above US$105 a barrel amid concerns about tight supply arising from Russia’s invasion of Ukraine and the lack of an Iranian nuclear deal

New Delhi: Opposition parties, including the Congress, TMC and Shiv Sena, walked out of the Lok Sabha on Monday in protest against fuel price hike. As soon as the Zero Hour began, DMK members gathered in the Well shouting slogans. Later, members from other Opposition parties also stormed into the well and shouted slogans against fuel price rise. As Rajendra Agrawal, who was chairing the House proceedings continued with the Zero Hour, Congress, DMK, TMC, Left parties, Shive Sena and NCP staged a walk out.

Fuel price breaches Rs 100/litre-mark

Fuel prices surged past the Rs 100 per litre mark as petrol price in Delhi reached Rs 103.82 per litre with a hike of 40 paise and diesel price reached Rs 95.07 with a hike of 40 paise. The petrol prices in Hyderabad remained at Rs 117.68 per litre with a hike of 45 paise and diesel price reached Rs 103.75 per litre with a hike of 43 paise. The petrol price in Chennai per litre was Rs 109.34 with a hike of 38 paise and diesel reached Rs 99.42 per litre with 38 paise hike.

Crude oil rises above US$105 a barrel

The rise in fuel prices comes as crude oil rose above US$105 a barrel amid concerns about tight supply arising from Russia’s invasion of Ukraine and the lack of an Iranian nuclear deal. Brent crude rose by 63 cents, or 0.6 percent, to US$105.02 a barrel by 0805 GMT. And US West Texas Intermediate crude gained US$1.08, or 1.1 percent, to US$100.35. Both contracts slipped US$1 when markets opened on Monday.

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