Petrol Touches Rs.90.11 In This City

Petrol and diesel prices eye century household budgets clean bowled

Petrol and diesel prices eye century household budgets clean bowled

On Monday, Andhra Pradesh government announced a reduction of tax on petrol and diesel by Rs 2 a litre. While a cut in excise duty that the central government levies will impact fiscal deficit, states like Bihar, Kerala, and Punjab are not in a position to cut sales tax (or VAT), the official, who wished not to be identified, said. 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 United States dollar, making imports costlier.

Apart from Delhi, various Opposition parties held protest marches across the country.

Naidu, who has been mounting pressure on the centre to reduce the fuel prices for a while, said going by the indicators the petrol and diesel prices may soon hit Rs 100 a litre and the Rupee value may fall to Rs 100 against the USA dollar. A statement by the Centre of Indian Trade Unions called upon all its members to back the Bandh call against the "unprecedented economic burden being imposed by the BJP-led Modi government on the people".

Maharashtra is among those states where petrol, diesel prices are the highest in India. "Wherever you go, they divide people - one religion against another, one caste against another and one State pitted against the other", he added.Sporadic incidents of violence were reported in several States. Fuel prices in Delhi are the cheapest among all metros and most State capitals due to lower taxes. Because the price is built up by excessive taxes on petrol and diesel.

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The Arvind Kenriwal-led party said that it is supporting the "cause" but has not expressed support for the Congress-led bandh. The numbers can rise.

Prominent political parties SP (Samajwadi Party), BSP (Bahujan Samaj Party), TMC (Trinamool Congress), DMK (Dravida Munnetra Kazhagam) and RJD (Rashtriya Janata Dal) backed the Bharat Bandh. "Today he is the Prime Minister and says nothing".

He alleged that the country is being "divided" under the Modi government as never before. Nearly half of the retail selling price of the two fuels is made up of Central and State taxes.

Calling the hike in prices of petroleum products a "momentary difficulty" due to the global crisis, the BJP on Monday condemned incidents of violence during the Bharat Bandh.

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