After 16 days of relentless fuel price hikes, the government's decision to reduce the rate in paise had left many a people stunned.
Mocking the cutting rates in petrol and diesel prices, V Chandraiah, from Sirsilla district, has donated a '9 paisa cheque' to Prime Minister's relief fund and marked his protest in 'out of the ordinary' way.
Chandraiah handed over the cheque to the district collector and said, "You reduced 9 paise in fuel price. The amount I saved from the drop-in petrol price, I am donating to the PM’s relief fund. Hope my donation will be used for a good cause."
Earlier in May, both the petrol and diesel prices touched a record high of Rs 76.24 and Rs 67.57 per litre respectively. The PSUs had decided four weeks of the relentless rise as they incurred a loss of Rs 35 crore per day during the 19-day pre-Karnataka poll hiatus in fuel price hikes.
Telangana collects a stupendous 35.2 per cent VAT on petroleum products and made prices of petrol and diesel go sky high in the state.
On Tuesday, petrol and diesel prices in Delhi were cut by 13 paise and 9 paise respectively for the seventh consecutive day. According to the new price chart, issued by Indian Oil, Petrol was notified to be sold at Rs 77.83 per litre and diesel at Rs 68.88 per litre in the national capital on Tuesday.