Begin typing your search above and press return to search.
Homechevron_rightIndiachevron_rightCentre cuts fuel...

Centre cuts fuel prices under pressure, extra cuts in BJP ruled states

Centre cuts fuel prices under pressure, extra cuts in BJP ruled states

New Delhi: Conceding to the increasing public pressure, the Centre has decided to give relief to its citizens from the burden of ever-high fuel prices in the country by cutting Rs 5 on petrol and Rs 10 on diesel.

Subsequently, nine BJP-ruled states - Assam, Tripura, Manipur, Karnataka, Goa, Uttar Pradesh, Gujarat, Himachal Pradesh and Uttarakhand have announced additional cuts in prices of petrol and diesel.

The price cuts will come into effect from Thursday - November 4.

Assam, Tripura, Manipur, Karnataka and Goa have reduced the prices of both the fuel by ₹ 7 per litre in addition to the Centre's relief. Uttarakhand Chief Minister Pushkar Singh Dhami on Wednesday said that the VAT on petrol will be reduced by ₹ 2 per litre in the state. Himachal Pradesh Chief Minister Jairam Thakur said that the state will soon issue a notification to reduce Value Added Tax (VAT) on petrol and diesel.

"Following Hon'ble PM Shri @narendramodi Ji led central govt's decision on reduction of excise duty on petrol & diesel. #Tripura govt has also decided to reduce petrol & diesel cost by ₹ 7 from tomorrow," Biplab Deb tweeted on Wednesday.

States have been for long urging the Centre to reduce the Value Added Tax on both petrol and diesel - the prices of which have been on an upward climb over the last few months. Petrol prices, in some states, had touched ₹ 120 per litre while diesel has crossed the ₹ 100 per litre mark in three metros.

The Opposition has been up in arms, regularly attacking the Centre on rising prices of fuel. On November 1, Congress leader Rahul Gandhi, in a tweet about petrol and diesel rates, wrote that one should beware of "pickpockets" along with the hashtag "tax extortion".

On Wednesday, the petrol price in Delhi stood at ₹ 110.04 per litre while diesel was being sold for ₹ 98.42. In Mumbai, petrol was at ₹ 115.85 per litre while diesel was at ₹ 106.62 per litre.

In recent months, crude oil prices have witnessed a global upsurge. Consequently, domestic prices of petrol and diesel skyrocketed in recent weeks. "Today's decision is expected to further spur the overall economic cycle," the Centre said in a statement.

Show Full Article
TAGS:Petrol PriceDiesel Pricefuel prices
Next Story