Petrol and Diesel Prices have been going up despite all the protests and Bharat Band.Oil companies raised prices of petrol and diesel by 23 paise and 22 paise respectively on Monday. Andhra Pradesh announced that it will be cutting down state taxes, thus bringing down the price by Rs 2. Along with Andhra Pradesh, even Rajasthan cut state taxes by 4%. Central Government, however, reduced to cut taxes hoping that petrol and diesel prices will soon stabilise.
In one particular city of Maharashtra, Parbhani, petrol was sold at a staggering Rs 90 per liter. This comes just ahead of Ganesh Chathurthi and Shiva in everyone has just risen. Diesel was being sold at the rate of Rs. 72.97/ litre in New Delhi, Rs. 75.82/ litre in Kolkata, Rs. 77.47/ litre in Mumbai, and Rs. 77.15/ litre in Chennai.
Crude oil prices have risen up by almost $7 per barrel, since last month. A barrel of crude oil now costs $77, that is Rs 5,590.58. The Center currently levies a total excise duty of Rs. 19.48 per liter of petrol and Rs. 15.33 per liter on diesel. On top of this, states levy Value Added Tax (VAT) — the lowest being in Andaman and Nicobar Islands where 6 per cent sales tax is charged on both the fuels.
Meanwhile look at what Union Road Transport Minister, Nitin Gadkari said :
“Our petroleum ministry is setting up five ethanol plants, where the fuel will be produced from paddy straw, wheat straw, sugarcane and municipal waste. (Consequently) Diesel will be available at Rs. 50 per litre and petrol at Rs. 55.”
This is what BJP had tweeted as its response. Needless to say, it was a woeful execution and people can’t stop correcting the infographic on twitter. Like this one by Congress:
— Congress (@INCIndia) September 10, 2018
Here’s hoping that petrol and diesel prices will soon stabilize. Follow InfectiousFeed for more news on stuff like this!