Truth of hike: BJP talks about percentage increase in petrol, diesel prices

Petrol and diesel prices eye century household budgets clean bowled

The opposition Congress, which has called for a nation-wide shut down on Monday over rising fuel prices and depreciation of the rupee, has appealed party workers to maintain peace and not to associate with any violent protests. In Delhi, a litre of petrol will cost you Rs 80.50, while in Mumbai the situation is worse with Rs 87.89 per litre.

A cut in taxes on petrol and diesel is ruled out for now as neither the central government nor some states have the appetite to stomach revenue loss from such a move, a top government official said Monday.

Petrol and diesel prices set new records Sunday.

On Tuesday, former Finance Minister P Chidambaram had stated that the "Relentless rise in prices of petrol and diesel is not inevitable". The hike of 48 paise a litre for petrol and 47 paise for diesel is the steepest increase since the daily price revision came into effect over 14 months ago. In a span of one week, prices of petrol and diesel have gone up by Rs 1.65 a litre and Rs 1.92 a litre, respectively. Since mid-August, petrol price has risen by Rs 3.24 a litre and diesel by Rs 3.74 per litre as rupee hit record low against the USA dollar, making imports costlier. Unlike the previous governments, the BJP has also failed to cut excise duty whenever worldwide oil prices shoot up.

Mumbai has the highest tax rates among the metros.

"We are pained to note that such important issues like fuel price hike, inflation and falling rupee that affect every citizen have not figured in the BJP's national executive and they are still giving empty slogans". Because the price is built up by excessive taxes on petrol and diesel. "Why is the common man being made to pay the price for the miscalculations on part of the Central government?" asked the MNS president.

"Between 2014 and now, excise duty on petrol has risen by 211.7 per cent and 433 per cent on diesel". So states get Rs 30 out of Rs 42 collected as taxes. Karnataka gets Rs 18.88 on petrol, Rs 12.23 on diesel, Kerala Rs 19.09 on petrol and Rs 14.51 on diesel and Punjab gets Rs 21.81 per litre in taxes on petrol and Rs 10.07 a litre on diesel.

Related News:

  • Police Respond to Active Shooter Situation in Downtown Cincinnati

    Police Respond to Active Shooter Situation in Downtown Cincinnati

    Police said he went into a sandwich shop and possibly other businesses before entering the lobby and opening fire around 9:10 a.m. McDonald says his co-workers were told to stay in place and that he saw two men wheeled out on stretchers.
    Rafael Nadal survives late-night marathon against Dominic Thiem

    Rafael Nadal survives late-night marathon against Dominic Thiem

    ESPN captured that perfectly in a triumphant photo of the 32-year-old. " Thiem has a good attitude on the court and in training". On this one, he managed to come back to win, although it took 4 hours, 49 minutes and never did get easy for him.
    US economy added 201000 jobs in August, while unemployment held at 3.9%

    US economy added 201000 jobs in August, while unemployment held at 3.9%

    In the 19 full months preceding Trump's presidency - July 2015 to January 2017 - the economy created 3.96 million jobs. The United States and China have slapped retaliatory tariffs on a combined $100 billion of products since early July.
  • Shaw to return to Manchester United after suffering concussion

    Shaw to return to Manchester United after suffering concussion

    Shaw was replaced by Danny Rose after the team of physios had carried him off the pitch. So, again, he's one we'll assess, and we'll have a better idea in the morning".
    Tropical Storm Helene moves toward western coast of Africa

    Tropical Storm Helene moves toward western coast of Africa

    Florence is moving toward the west near 6 miles per hour (9 kph), and this general motion is expected to continue through today. There are no coastal watches or warnings in effect, but officials say it is expected to become a hurricane by Monday.
    U.S. military drawing up options should Syria use chemical weapons

    U.S. military drawing up options should Syria use chemical weapons

    Iranian President Hassan Rouhani said Syrian President Bashar al-Assad 's government is legitimate and should be respected. People in Idlib are demanding that regime troops back down.
  • CBS boss Leslie Moonves resigns amid sexual misconduct allegations

    CBS boss Leslie Moonves resigns amid sexual misconduct allegations

    Interested in MeToo? Add MeToo as an interest to stay up to date on the latest MeToo news, video, and analysis from ABC News. She went on to say she can't wait for the day where "women are equal, where these stories won't have to happen anymore".
    I didn't know what was happening, says Osaka

    I didn't know what was happening, says Osaka

    Others widely shared Sally Jenkin's op-ed in the Washington Post , in which she said that the umpire "abused his authority". She described the awarding of penalties for relatively minor infractions as "pure pettiness" and an "abuse of power".

    Common painkiller may increase heart attack, stroke risk

    The results are based on national registry data for more than 6.3 million adults in Denmark taken from 1996 to 2016. Also, it's important to note that this is an observational study, so no cause-effect relationship was established.
  • Nike sees sales increase after Colin Kaepernick ad

    Nike sees sales increase after Colin Kaepernick ad

    Kneeling players have repeatedly been rebuked by President Donald Trump and Vice President Mike Pence among others. Trump told The Daily Caller this week that Nike's decision to use Kaepernick sends "a awful message".
    Authorities in England identify two Russian nationals behind nerve agent attack

    Authorities in England identify two Russian nationals behind nerve agent attack

    They also noted the OPCW's findings that "the exact same chemical nerve agent " was used in the fatal poisoning of Dawn Sturgess . May said the attack "was not a rogue operation" and was nearly certainly approved at a "senior level of the Russian state".
    India's top court decriminalizes gay sex

    India's top court decriminalizes gay sex

    At the Lalit Hotel in New Delhi , grand celebrations were led by hotelier and LGBTQ activist Keshav Suri. Campaigners outside the court cheered and some broke down in tears as the ruling was handed down.


Most liked

Barack Obama Rebukes Donald Trump Publicly For First Time
The speech kicked off Obama's campaigning on behalf of fellow Democrats ahead of the midterm elections. But he said he made a decision to speak now because "the stakes really are higher" than before.

Police raid home of NJ couple after $400K for homeless man vanishes
Dow, said she's no longer comfortable hearing only from the couple's attorney and wants them to answer questions in person. In court on Wednesday, the couple's lawyer Ernest Badway said Mr Bobbitt has received about A$278,000.

Remnants of 'Gordon' set to surge into the tri
Tropical downpours, blinding at times developed during the heating of the day and have aligned along and near a stalled front. The additional lift created by the low pressure will aid in more widespread rain and increase the rainfall rates.

Delta Fire Roaring Through Northern California Triples In Size
Fire officials say they don't expect to have containment of the fire, which started on Wednesday, until at least September 22. The highway runs from the U.S. -Mexico border through California, Oregon and Washington state to the U.S-Canada border.