Demand to reduce the price of diesel in India after the price reduction in the international market.

In the month of August this year, the retail inflation rate in the country has increased again to 7%.

Because of this, the transporters are under stress.

Due to the Russo-Ukraine war, diesel and gas had become very expensive at one time, due to which their input cost increased significantly, but due to mutual competition in the market, they could not increase the fare.

Now the transporters are demanding that after the crude oil becomes cheaper in the international oil market, the oil companies should reduce the prices of diesel.

In view of the fall in the prices of crude oil in the international oil market, the All India Motor Transport Congress, the largest body of transporters, has demanded the oil companies to reduce the prices of diesel.

Transporters say that if diesel becomes cheaper, it will also be easier to control retail inflation.

Kultaran Atwal, president of All India Motor Transport Congress, told NDTV, "Today the inflation rate has increased a lot. If oil becomes cheaper then its direct benefit will be given to the general public. The cost of transporters will be less, because 70% of our business is operational. The expenditure is on diesel. Diesel is an important reason for inflation in the country.

In fact, crude oil prices in the international oil market have reached their lowest level in the last 7 months.

On Tuesday, it was reduced to around $ 92.

Small transporters have been affected the most due to the cost of oil and gas.

Anil Giri of Sahni Motor Transport of Kamla Market says that green tax and toll tax on diesel vehicles have increased the financial burden on the transporters.

He said, "Customers run that the rate of transport is high, but they don't think why the transporters are charging more. There has been inflation of diesel. Toll tax has increased. There is cost of driver-conductors. There are no transporters. He is not going to listen. If diesel is made cheaper then there will be relief."

At the same time, his fellow transporter Sumit Raghav said, "Due to the competition in the market, we are not able to increase the fare, while our input cost is increasing. Oil companies should make diesel cheaper."

Economist Ved Jain says that the retail inflation rate of 7 percent is too high for the common man.

When the inflation rate came down in July, it seemed that the steps taken by the government would be successful.

But rising inflation again means the government will have to take new steps.

Economist Ved Jain told NDTV, "Today crude oil has reached the rate of $ 92-93. India is getting cheaper crude oil than Russia. To control inflation, the government should think that diesel prices should be reduced." . Diesel is a huge component in the inflation index."

Obviously, the challenge is getting bigger again on the inflation front and to deal with it, the Government of India, along with the RBI, will have to take early initiatives to control it.