Fuel price touches fresh high; Petrol near Rs. 90 in Mumbai

Fuel price touches fresh high; Petrol near Rs. 90 in Mumbai

According to one of the graphics, the petrol price on May 16, 2004, was Rs 33.71 while on May 16, 2009, it was Rs 40.62. 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.

The current price hike across the country, is a result of multiple factors including the global geopolitical situation, a diving rupee, but most importantly, the government's unrelenting tax regime and the silence of its ministers over the issue. So, it's taken about 9 months for petrol price to increase from Rs 80 to Rs 90 in Parbhani. Petrol is being sold today at Rs 80.87 per litre, and diesel at Rs 72.97 per litre.

After refusing any cut in sales tax for over two years, the LDF government finally slashed the sales tax. This comes a day after top sources in Finance Ministry ruled out any cut in levies in the near future to ease the common man's pain, claiming there was "no scope for a cut in excise duty by the Centre and [the] Value-Added Tax charged by the states".

Protests over rising fuel prices have made a few state governments announce tax cuts, though the Centre has stayed adamant on not cutting excise duty on petrol and diesel.

Petrol price per litre in Jaipur were hovering around Rs 81 at fuel stations on Monday, down from the recent Rs 83/litre price.


"Narendra Modi ji is silent, he has not spoken a word on rising prices of fuel, or condition of farmers, neither on atrocities against women", said Rahul Gandhi while speaking in front of a rally in Delhi. At the same time, the diesel prices too marched ahead and was priced at Rs 78.83 per litre.

India is witnessing a surge in the prices of diesel and petrol like never before. 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".

"Since the Central Government is not responding on petrol prices, Naidu is doing exercise to give relief to public", TDP sources said.

Later, amid the constant rise in the prices of petrol and diesel, BJP president Amit Shah on Monday met Oil Minister Dharmendra Pradhan, PTI reported.

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