Published: Tue, September 11, 2018
Money | By Ethel Goodwin

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

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

Meanwhile, the increase pushed the petrol price in Delhi to Rs 80.38 per litre.

AP now levies around Rs 4 a litre of value added tax on petrol and diesel, earning around Rs 2,240 crore a year through state taxes on fuel.

Diesel price in the state has touched an all-time high (it reigns at Rs 77.98 a litre in Thiruvananthapuram on September 10) and is now higher than all the four metros. An anonymous government official, quoted by PTI in a news report published Monday, said a cut in excise duty that the central government levies will impact fiscal deficit and states like Bihar, Kerala, and Punjab are not in a position to cut sales tax or Value Added Tax (VAT).

However, many feel that by attributing the price hike only on worldwide factors must be taken with a pinch of salt, the BJP government is trying to shrug away its own responsibility of bringing fuel prices under the ambit of the Goods and the Services Tax (GST).

Finance Minister Arun Jaitley remained evasive on the issue of cutting down excise duty to cushion the spiralling petrol and diesel prices, adding that global oil prices are volatile and have not shown any linear movement. Congress workers, however, held demonstrations and took out protest march at several places as part of the "Bharat Bandh" call. Train services were hit in Odisha during the "Bharat bandh" call.

Senior party leader Dilip Pandey said unrest against Narendra Modi-led government is growing and the opposition can not remain silent to the plight of common man affected by issues like fuel price hike, corruption and unemployment.

Amid the Opposition-sponsored nation-wide shutdown, the Bharatiya Janata Party (BJP) on Monday released a couple of graphics describing the percentage hike in both petrol and diesel prices.

The Arvind Kenriwal-led party said that it is supporting the "cause" but has not expressed support for the Congress-led bandh. Rajasthan and Andhra Pradesh has already cut down state taxes on both fuels. Because the price is built up by excessive taxes on petrol and diesel. "Diesel, petrol price rise is out of our hands because oil-producing countries have limited production", Union minister Ravi Shankar Prasad said.

However, Maharashtra Chief Minister Devendra Fadnavis on Sunday said that the state government was working on various proposals to give relief to the people from rising fuel prices.

Former Prime Minister Manmohan Singh said the Modi government has completely failed in keeping its promises to the people of India.

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