Maharashtra govt to cut diesel prices by Rs 1.56 per litre
Maharashtra govt to cut diesel prices by Rs 1.56 per litre
Finance minister Arun Jaitley announced a cut of Rs 2.50 in the price of petrol
08 October, 2018, 08:37
Chief Ministers of at least 12 states where Prime Minister Narendra Modi's Bharatiya Janata Party is in or shares power lowered the levy by Rs 2.50 on petrol and diesel-except Maharashtra that cut the tax on diesel by Re 1.
After the Centre cut excise duty by Rs 1.50 per litre and asked PSU oil firms to subsidise fuel by Re 1, Maharashtra and Gujarat governments were among the first to announce a matching Rs 2.50 cut. He added that a total of Rs 2.50 will be reduced from current petrol and diesel cost.
On May 26, 2014, the price of crude oil (Indian Basket) was $108.05 per barrel in the global market. The price of worldwide crude oil today is $85.16 per barrel. The average crude price during the 52 months of BJP government is $58 per barrel.
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Rising fuel prices have become a political controversy in India, with attention specifically focused on the high taxes that the Centre charges.
After this hike, Petrol is being retailed at Rs 81.68 per litre and Diesel is being retailed at 73.24 per litre in the National capital. Diesel rates too had peaked to Rs 75.45 a litre in Delhi and Rs 80.10 in Mumbai.
Mr. Gandhi has been been attacking the government over high petrol and diesel prices and the falling value of rupee. After you announced Rs 5 per litre, implement it instead of giving just Rs. 4.37 per litre. Petrol price was hiked by 18 paise a litre on October 6 and 14 paise on Sunday, according to daily price notification issued by state-owned oil firms.
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