Published: Wed, May 30, 2018
Money | By Ethel Goodwin

Paisa Relief on Petrol Price: Twitter 'Petrolls' Modi

Paisa Relief on Petrol Price: Twitter 'Petrolls' Modi

While Kerala CM has announced a cut of Rs 1 per litre on the tax on fuel, Punjab CM Amarinder Singh described "1 paisa" reduction of fuel price as a cruel joke.

"The reduction was supposed to be 1 paisa but due to a clerical error the price prevalent on May 25 was communicated as today's price", news agency Press Trust of India reported, quoting a senior official of Indian Oil Corporation.

While the price was increased almost Rs 4 per litre during May 14 to May 29 with an average increase of 15 to 30 paise daily, the reduction of 1 paisa invited severe wrath of people. This was rectified to 1 paisa a litre.

"There is a softening in global oil prices and rupee has strengthened against the United States dollar, making imports cheaper. 1Paise reduced. Thank God for reducing the petrol price".

"There was a technical glitch in posting the selling prices of petrol and diesel on our website today", the company said in its statement, clarifying the revised fuel prices.

This comes the day the Centre cut fuel prices after 16 consecutive hikes, but by only one paisa.

Domestic petrol and diesel prices touched a record high on Friday.

State sales tax or VAT vary from state to state. The opposition, led by Congress' Rahul Gandhi, seized the opportunity to target the government over the rising fuel prices and the hashtag #EkPaiseKiSarkar began trending on Twitter.

Delhi has the cheapest price among all metros and most state capitals.

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