‘Panic reaction ahead of elections,’ says Congress after fuel price cut

INDIA-FUEL-SALES

INDIA-FUEL-SALES

Petrol was priced at Rs. 81.68 per litre in New Delhi, Rs. 83.52 per litre in Kolkata, Rs. 87.15 per litre in Mumbai and Rs. 84.89 per litre in Chennai, according to Indian Oil Corporation (IOC). "After the implementation of revision of fuel prices on a daily basis in the previous year, this is the highest tax cut on petrol and diesel", he said. Diesel prices in the city however saw an effective decline of 70 paise, falling to Rs 76.75 per litre.

Two days after the Central government provided relief to citizens by announcing reduction of fuel prices all over the country, Petrol and Diesel prices again witnessed a fresh hike in Delhi on Saturday. Central excise duty on petrol and diesel was Rs 9.23 and 3.46 per litre respectively before 2014.

While some states like Andhra Pradesh and Karnataka cut the fuel prices weeks ago by announcing a cut to the Value-Added Tax charged by the states, Tamil Nadu, Telangana and Kerala had maintained that it was up to the Central government to reduce the prices.

On Thursday, the Centre had announced a cut of Rs 2.50 per litre for petrol and diesel, urging states to match the price reduction. The revenue department will cut excise duty by Rs 1.50 and oil marketing companies will absorb Re 1 per litre.

He also asked state governments to follow suit by cutting a sales tax or VAT by a similar amount.

Officer Guilty of Second-Degree Murder in Laquan McDonald Killing
Jurors were told Thursday they had the option of convicting Van Dyke of second-degree murder, which is probationable. Prosecutors argued that McDonald's death was not justified and accused Van Dyke of "exaggerating the threat".

Maharashtra, Gujarat and the other BJP ruled states were quick to hear him.

Congress spokesperson Randeep Singh Surjewala said the whole exercise was a hoax since the Modi government had raised duties on petrol by 211 per cent and diesel by 443 per cent during its four years in office.

In the process, the Modi government also scored an own goal against its pet theme of simultaneous polls as some citizens prayed for "an election a month or a week" to keep prices down.

Assam CM Sarbananda Sonowal said - "Welcome decision by the Centre to cut down prices of Petrol and Diesel - a decision taken in the interest of the common people".

However, very soon, the prices can be reduced by Rs 5 as well! Absorbing this Rs 10,500 crore in increased collection and maintaining fiscal deficit I am confident we will be able to do that.

Recommended News

  • Spigen release their full Google Pixel 3 protection line

    Spigen release their full Google Pixel 3 protection line

    A new wireless charging stand called the "Pixel Stand" is also rumoured to launch along side Pixel 3 and Pixel 3 XL in NY . For obvious reasons, Pixel 3 and Pixel 3 XL will have the different battery capacity to meet the demand of display.
    Yankees: Giancarlo Stanton hit with his own home run ball

    Yankees: Giancarlo Stanton hit with his own home run ball

    Historical footnotes and snapshot performances are all that can be taken from Sunday's season finale against the Yankees. Nevertheless, Haap improved his record to 7-0 since the 35-year-old southpaw was acquired from Toronto on July 26.
    'Very scary time' for young American men, says Trump

    'Very scary time' for young American men, says Trump

    Women are very angry", Trump said. 'I don't know.' What neighborhood was it? Interested in Supreme Court? Upstairs, downstairs, I don't know.
  • David Luiz 'confused' Under Conte, Says New Chelsea Boss Sarri

    David Luiz 'confused' Under Conte, Says New Chelsea Boss Sarri

    After a poor season last time out, and missing out on the Champions League, Chelsea are at the races again. Asked if Salah was happy with his own performance, Klopp said: "Of course not".
    National League playoff picture needs two tiebreaker games

    National League playoff picture needs two tiebreaker games

    Chris Taylor drew a walk from Andrew Suarez (7-13) to begin the game, Turner followed with an RBI double and the rout was on. Enrique Hernandez also had three hits for the Dodgers , who finished the regular season with 13 wins in their last 17 games.

    Rockies beat Cubs in 13 innings, advance to NLDS

    He has been particularly stingy in the postseason throughout his career, going 9-7 with a 2.55 ERA in 25 games and 21 starts. Should they do that, the Cubs will have a great shot to keep their postseason going beyond just one game.
  • Mending bridges: Unspoken subtext of Melania Trump's Africa visit

    Mending bridges: Unspoken subtext of Melania Trump's Africa visit

    On Wednesday, she visited a former slave trading fort in Ghana after arriving in Africa from Washington on Tuesday. The school is a beneficiary of United States Agency for International Development (USAID) National Reading Program.
    India, Russia Expected to Seal Arms Deal During Putin Visit

    India, Russia Expected to Seal Arms Deal During Putin Visit

    All eyes will be on the defence agreements for the S-400 missile defence system +, frigates and assault rifles. Today, upon the arrival of the Russian president, Modi tweeted, "Welcome to India , President Putin.
    Texas surf resort closed for 'brain-eating amoeba' testing

    Texas surf resort closed for 'brain-eating amoeba' testing

    According to the CDC, people are typically infected with Naegleria fowleri when diving or swimming in warm freshwater. Stabile's obituary describes him as an avid outdoorsman who loved fishing, surfing and snowboarding.
  • Island dairy farmers fear losses under new NAFTA

    Island dairy farmers fear losses under new NAFTA

    The measures in the new deal - which Mr Trump dubbed "US MCA" - "will support many - hundreds of thousands - American jobs". That's the same approach it took with CETA, the trade deal granting greater market access to European dairy producers.
    OnePlus 6 already out of stock in some markets

    OnePlus 6 already out of stock in some markets

    OnePlus devices have been pretty solid in the battery department and OnePlus also has their proprietary Dash-Charging technology. However, they moved against it as the technology was still in nascent stages and was very slow in unlocking the phone too.
    Earl Thomas Flipped Off The Seahawks Bench While Carted Off Injured

    Earl Thomas Flipped Off The Seahawks Bench While Carted Off Injured

    The Cardinals carry just two starting quarterbacks on game day, making Bradford inactive against the Seahawks. It comes after a tumultuous few months between Thomas and the Seahawks. "Give him a little slack".

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.